Mazor robotics creates a surgical robotics guidance system for Spine and Brain surgery. With no competitors in the space barriers for entry into this area are extremely high! Their brain module was just launched last month and this stock is not getting the exposure it needs to receive. The chances of this company being purchased by a medtronic or stryker company are very high in the near future. Fundamentally the business model is sound and they seem to be following a model the ISRG intuitive surgical used.
Technically there is a lot of support in this buying area. Hospitals usually wait until Q3 or Q4 to make capital purchases so earnings for Q3 and Q4 I should should be higher then expected which will make this stock pop. Its not going to need much to surpass its week high. Not to mention this is an Israeli medical technology company and we all know their technologies have a high value in the medical and technological world. I'm holding long at around $16.90 and would like to exit at around $18.50- $20.00 I will continue to go long on the tips and hopefully this stock will make a better technical long pattern
Technically there is a lot of support in this buying area. Hospitals usually wait until Q3 or Q4 to make capital purchases so earnings for Q3 and Q4 I should should be higher then expected which will make this stock pop. Its not going to need much to surpass its week high. Not to mention this is an Israeli medical technology company and we all know their technologies have a high value in the medical and technological world. I'm holding long at around $16.90 and would like to exit at around $18.50- $20.00 I will continue to go long on the tips and hopefully this stock will make a better technical long pattern
