Monday, April 8, 2013

Life Technologies Corp. (NASDAQ: LIFE)

Life Technologies Corporation operates as a life sciences company. The company's Research Consumables business group offers molecular and cell biology reagents, endpoint PCR, and other benchtop instruments and consumables, such as RNAi, DNA synthesis, sample prep, transfection, cloning and protein expression profiling and protein analysis, cell culture media used in research, stem cells and related tools, cellular imaging products, antibodies, and cell therapy related products.
Its Genetic Analysis business group provides capillary electrophoresis (CE) instruments used for research applications and various CE consumables; real-time and digital qPCR instruments used in research applications; qPCR consumables and genomic assays; and sequencing systems and reagents for the SOLiD and Ion Torrent systems.
The company's Applied Sciences business group offers bioproduction, forensics, and animal health and food safety reagent kits. Life Technologies Corporation also provides repair and maintenance services; and custom services, such as cell line development, custom media modification, and primers and custom assays development services.
Its products offer research tools for genomics studies, proteomics studies, gene splicing, cellular analysis, and other research applications required by laboratories associated with universities, medical research centers, and government and other research institutions, as well as biotechnology, pharmaceutical, and chemical companies.
To review Life's stock, please take a look at the 1-year chart of LIFE (Life Technologies Company) below with my added notations:
1-year chart of LIFE (Life Technologies Company) After stalling near $50 for about (4) months, LIFE broke higher in January. Since then, the stock has been hitting resistance at $65 (blue). A break through that resistance would be a new 52-week high for the stock and should mean higher prices moving forward.
The Tale of the Tape: LIFE has a 52-week high resistance at $65. A long trade could be entered on a break through that level with a stop placed under it.
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