Yahoo Finance BDX, SYK, MAKO, and ALGN Under StockCall’s Microscope
StockCall.com Provides Stock Research on Becton, Dickinson and Co., Stryker Corp., MAKO Surgical Corp., and Align Technology Inc.
New York City, New York -- (May 07, 2013)
While the healthcare industry in general has welcomed the Affordable Care Act (ACA), some features of the ACA have come under criticism. One such feature is the 2.3% tax on gross U.S. sales of medical devices. The tax has been criticized by medical devices makers, who say that it will increase their costs and hurt research and development activities. Several medical devices companies, in fact, have slashed jobs after the tax went into effect earlier this year, in order to bring down their costs. Shares of medical device companies ended on a mixed note on Monday, tracking the broad market, which also finished mixed. Among the major movers were Becton, Dickinson and Co. (NYSE:BDX - News), Stryker Corporation (NYSE:SYK - News), MAKO Surgical Corp. (NASDAQ:MAKO - News), and Align Technology Inc. (NASDAQ:ALGN - News). StockCall has released full comprehensive research on BDX, SYK, MAKO, and ALGN and these free technical analyses can be downloaded by signing up at
www.stockcall.com/technicalanalysis
Shares of Becton, Dickinson and Co. edged lower on Monday, reversing some of its gains from last week. The stock traded between $96.83 and $97.62 before finishing the day 0.53% lower at $96.91 on volume of 778,319. Shares of BDX are still up more than 3.50% in the last three sessions. The stock has had an excellent run so far in 2013, gaining more than 24.60% as compared to a gain of over 13.40% for the S&P 500. However, Becton, Dickinson and Co.’s shares have traded sideways in recent weeks, struggling to break through $98 resistance level. Free technical analysis on BDX available by signing up at
www.StockCall.com/BDX050713.pdf
Shares of Stryker Corporation ended lower yesterday; however, the losses were limited. The stock closed 0.08% lower at $66.28 on volume of 1.04 million after trading between $66.04 and $66.58. Despite the pullback, Stryker’s shares have gained 1.5% in the last three sessions. The stock is currently trading above its 50-day and 200-day moving averages which is a bullish signal. The stock’s MACD has crossed above the signal line which further confirms the positive trend. Year-to-date, shares of SYK have gained more than 21.40%, outperforming the broad market. Register today and access the free research on SYK at
www.StockCall.com/SYK050713.pdf
Shares of MAKO Surgical Corp. edged higher on Monday, extending their gains from last week. The stock closed 0.94% higher at $10.75 on above average volume of 1.05 million, taking its gains in the last three trading sessions to over 4%. Shares of MAKO are currently trading close to their 52-week low of $10. Year-to-date, the stock has fallen more than 16.30% even as the broad market has rallied. The stock is currently trading below its 50-day and 200-day moving averages. The free report on MAKO can be downloaded by signing up now at
www.StockCall.com/MAKO050713.pdf
Shares of Align Technology Inc. rallied in yesterday’s session. The stock touched an intra-day high of $35.65 before finishing the day 5.58% higher at $34.42 on above average volume of 2.89 million. Shares of the company have crossed above their 50-day moving average recently which is a bullish signal. The stock has also broken through $34 resistance level which further confirms the positive trend. Year-to-date, Align Technology’s shares have now gained more than 24%, outperforming the broad market. Free report on ALGN can be accessed by registering at
www.StockCall.com/ALGN050713.pdf
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