TwinTrader.com announces the publication of Breakout for COV; highlighting public companies on the move and what’s behind the surge.
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“Covidien Ltd. engages in the development, manufacture and sale of healthcare products for use in clinical and home settings worldwide. It operates through four segments: Medical Devices, Pharmaceutical Products, Imaging Solutions and Medical Supplies…
“Covidien share are benefiting from the health care industry bull market as measured by the health care select sector spider, XLV…
” Additionally, the company announced that it has established Covidien Ventures, a corporate venture capital function…
“Covidien’s chart looks very strong. The stock has steadily moved up more than 18% from its low of July 24 to trade at $55.41. The RSI has moved into the overbought region, indicating profit-taking and shorts may be moving into the market soon. MACD is still bullish, but is showing signs of stalling...”
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