ResMed Inc. develops, manufactures, distributes, and markets medical
equipment for the diagnosis, treatment, and management of respiratory
disorders, with a focus on sleep-disordered breathing. Its products
portfolio includes airflow generators, diagnostic products, mask
systems, motors, and headgear, as well as other accessories, such as
cold passover humidifiers, carry bags, and breathing circuits; and
humidifiers comprising H5i and H4i, which connect with the continuous
and variable positive airway pressure, and AutoSet flow generators to
humidify and heat the air delivered to the patient to prevent the drying
of nasal passages.
Take a look at the 1-year chart of ResMed (NYSE: RMD) below with added notations:
After moving significantly higher from March until June, RMD has
since moved into a large sideways range. During that time the stock has
also created a strong resistance at 53.50 (purple). RMD bottomed at $46
for a second time back in October and now appears to be making another
run towards 53.50.
The Tale of the Tape: RMD has a 52-week resistance at $53.50. The possible long position for the stock would be on a breakout above $53.50.
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