Jul 31, 2006
- A triple bottom
breakout...
St. Jude
Medical Inc. (STJ) develops, manufactures, and distributes cardiac devices.
Key
Information:
Fundamental:
Sector:
Healthcare
Industry:
Medical Appliances & Equipment
Liquidity:
Market
Capitalization: $13.5 billion
Average daily
volume (3-month): 3.9 million shares
Closing Stock
Price: $37.41
Risk
Proxies:
52-week high /
52-week low: 1.75
Beta
(3-month): 0.98
Debt/Equity:
0.529
Profitable:
Yes
Valuation:
Price/Sales:
4.29
Price/Book:
5.32
Price/Earnings:
31.62
Price/2008
Analyst Earnings Estimates: 21.02
Forecast
Horizon: 1 month
Technical
Analysis
We are
technically bullish on STJ; the stock has broken out of a bullish triple bottom
pattern.
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Key
Levels
Buy:
Market
We are
technically bullish on the stock
Stop Loss:
34.97
Slightly below
the intermediate highs of the triple bottom formation
Target:
40.97
A few cents
below resistance
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