DALLAS, Texas - TwinTrader.com announces the publication of Breakout for BEC; highlighting public companies on the move and what’s behind the surge.
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“Beckman Coulter Inc. provides biomedical testing instrument systems, tests and supplies for clinical laboratories worldwide. The company offers chemistry systems, such as routine chemistry systems that use electrochemical detection, chemical reactions with patient samples, and antigen-antibody reactions to detect and quantify substances of diagnostic interest in blood, urine and other body fluids…
“Beckman Coulter raised its expectations of revenue to grow 12% to 13%. Expected earnings for the company have been raised to $3.55 to $3.65 per share in 2008. The company reported revenue in 2007 of $2.76 billion, and had previously expected growth of 11% to 13%…
“The RSI indicates a normal range between 30 and 70. The stock has formed an upward trend line since bottoming in mid-April at a session low of $60. Resistance at the $71 level was decisively broken after positive earnings news prior to Friday’s trading on twice the normal volume...”
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