RESMED INC

ASX

RMD

watch for a break through resistance, multi-month cup with handle. healthcare sector, strong earnings.

high vol, strong earnings announcement, increasing dividend, health space

Resmed - RMD share price broke the key resistance level, closed the week to $16.33. In the past 54 weeks the Resmed shares price have jumped around 46 per cent from $10.99 to $16.33, with the stock trading near its all-time high of $16.39. RSI confirmed a bullish signal. The shares price profit target is around 8 per cent or $17.06.ASX:RMD

$RMD - Resmed making a comeback? Increasing obesity and associated sleep apnea should further the demand for their products. Might be a good one for longer term buy and hold like SMSF. ResMed Inc. is a holding company. The Company is engaged in the development, manufacturing, distribution and marketing of medical devices and cloud-based software applications...

-Parabolic trend -Tight 3 week pennant continuation -Wide spread between 50 and 200 daily SMA indicates strong trend -Daily Bollinger band contraction with price sitting on 20 day median moving average -Good volume on fridays close -BATS Exchange issue sitting just off ATH above $100 30 basis points planned, will buy intraday break of pennant

-12 Week Ascending triangle -Clean boundaries -Favorable is volume rise continues -Bollinger band squeeze on the daily -Maintained its strength in current market headwind 50 basis points planned