A previous post about ROCM made the fundamental case for why ROCM may be a rocket stock. Tonight, it is just about technical analysis. For almost 4 weeks, Rochester Medical has been consolidating after a good move on high volume. Friday's move up may be the beginning of a move out of a fairly large Bull Flag. Look for an up move early this week on volume to confirm this chart pattern.
The base of the flag poll suggests a $2.50 move above the the downward trending resistance point that the stock closed just below. That places a price target easily above $22.00.
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