marketinsider

BAX poised for another leg higher...

Long
NYSE:BAX   Baxter International Inc.
This stock has been an absolute monster, raking in over 40% returns since December of last year. It has now reached a decision point where former support meets the lower trendline, which should both push the stock even higher. Add to that a bullish RSI reading and we've got a great risk vs reward setup. Here's the trade:

LONG: above $60.25
STOP: $59.50
TARGET: $65

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