OSUR missed earnings by .03, but gave upward guidance with Emergency Use Act submission for rapid COVID tests. The upward wedge/channel has a 35% higher top from current levels and around a 30 day periodicity.
Healthcare is a defensive play, and these guys have low debt. Reopening will require a lot more testing to confirm.
I think it could break up from the wedge, but I see a 30+% profit target either way
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
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OSUR has let me down a bit, but I think a new target of 9.49 is a bounce spot with the same pattern to repeat. Waiting on Emergency Approval to hit for their latest rapid COVID tests.
I estimate OSUR will hit $15.46 to $16.43 in 2-3 months. I have to pay attention to it in May.
N0tSwift
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@LogicTheories, Seems like a logical timeframe. OSUR had been oscillating every 30 days or so, but has flattened of late.
I've seen no new information on their Emergency Use filing for their latest PCR test kits, but there is increasing demand with the cruise lines, theme parks and others looking for in house quick testing to get the world back to going out.