OSI Systems secures contract for new scanners amid rising demand
OSI Systems, Inc., a specialised electronics manufacturer, has secured a new contract to supply medical scanners, boosting its stock prices as the company highlights increasing demand in this market segment. This latest order, valued at USD 7 million, is from a long-standing customer for portable patient health monitoring devices. These devices have sensors and displays that track critical health parameters, particularly heart function. They are designed to be portable, allowing patients to remain mobile rather than confined to bed.
The importance of telemetry is growing in large hospital settings where continuous patient monitoring is a challenge due to staff shortages. OSI Systems' solutions not only meet this need but also offer significant cost savings through automation, making them particularly attractive to large healthcare facilities.
Exploring the potential trading opportunities, here is a technical analysis of OSI Systems, Inc. (NASDAQ: OSIS):
On the Daily (D1) timeframe, the stock has established a resistance level at 145.25 USD and support at 137.15 USD. The stock is currently exhibiting a stable uptrend, suggesting the potential for new price highs. Should the trend reverse, a downside target could be established at 126.50 USD.
If the uptrend continues and the stock breaks through the 145.25 USD resistance, a short-term target could be 153.00 USD. From a medium-term investment perspective, the stock price might rise to 162.00 USD if the positive momentum persists.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The importance of telemetry is growing in large hospital settings where continuous patient monitoring is a challenge due to staff shortages. OSI Systems' solutions not only meet this need but also offer significant cost savings through automation, making them particularly attractive to large healthcare facilities.
Exploring the potential trading opportunities, here is a technical analysis of OSI Systems, Inc. (NASDAQ: OSIS):
On the Daily (D1) timeframe, the stock has established a resistance level at 145.25 USD and support at 137.15 USD. The stock is currently exhibiting a stable uptrend, suggesting the potential for new price highs. Should the trend reverse, a downside target could be established at 126.50 USD.
If the uptrend continues and the stock breaks through the 145.25 USD resistance, a short-term target could be 153.00 USD. From a medium-term investment perspective, the stock price might rise to 162.00 USD if the positive momentum persists.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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