Thursday, September 20, 2012

Chart of the Day - Cyberonics (CYBX)

The "Chart of the Day" is Cyberonics (CYBX), which showed up on Tuesday's Barchart "All-Time High" list. Cyberonics on Tuesday rallied to a new all-time high of $52.49 and closed +2.62%. TrendSpotter has been long since Aug 17 at $45.07. In recent news on the stock, Piper Jaffray on Aug 29 reiterated its Overweight rating and raised its target to $52 from $44. Canaccord on Aug 29 upgraded Cyberonics to Buy from Hold and raised its target to $56 from $34. Cyberonics on Aug 28 reported fiscal Q1 EPS of 38 cents, above the analyst consensus of 36 cents. Cyberonics, with a market cap of $1.3 billion, develops and sells medical devices.

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