$INFU:NYSE - INFUSYSTEM HOLDINGS - Breakout Ahead?

INFU has been having a nice steady run - up over 130% over the last 12 months, but momentum has been falling forming a bit of a hill top. The Bollinger Bands have been compressing and yesterday we saw an attempt at a breakout with quite big volume. It didn't succeed but could be worth a watch over the next day or so to see if it will indeed run. It did this once before in October with a very similar candle which saw the price fall away before resuming its run. Worth keeping an eye on it.

InfuSystem Holdings, Inc. engages in the provision of infusion pumps and related products and services for patients in the home, oncology clinics, ambulatory surgery centers, and other sites. The firm also provides its products and services to hospitals, oncology practices and facilities and other alternate site health care providers. The company was founded in August 2005 and headquartered in Madison Heights, MI.

Comment:

Infu ran up nicely gaining 30% over 2 weeks until it got coronachopped along with everyone else. It has since regained almost 130% and is back up to its previous highs. Worth a watch.