Orthofix International N.V Hitting New Highs Watch for $63OFIX
OFIX, Is a medical device company providing reconstructive and regenerative orthopedic ans spine solutions through 4 subsidiaries. These devices are used for fracture repair, bone reconstruction and deformity correction. With sitting down being considered the "new smoking" poor posture due to sitting will cause increased back problems in the future, as most office jobs have you sitting in a dingy cubical for 8 hours plus a day. Making OFIX not only a great short term swing, but a fantastic long term investment.
Technical Indicators:
MACD(12,26,9): Signal line crossing over moving average at ~0.26 providing short term bullish signal.
RSI(14): RSI currently sitting at 62.43 and curving upwards, still not overbought and providing a bullish signal.
Moving Average: the 50 day ma recently crossed a green candlestick on 1/18/2018 signaling a continued uptrend.
Volume:
Daily: Huge daily spikes most of which are almost 500% above the average of 130,000. These daily spikes have occurred on 1/17/2018 to 1/19/2018, 12/15/2017, 10/31/2017 and 10/2/2017 to 10/4/2017. This shows consistent buying of the stock by not only retail investors but institutional investors.
Weekly: Again huge volume spikes on the weeks of 3/17/2017, 7/23/2017, 10/6/2017 and 11/3/2017. Showing great long term appreciation.
The Chart: Currently trading in an upward facing channel, and crossing its ath at 55.30, as well as crossing a long term Fib level at 55.80. OFIX is crossing vital resistance levels with great momentum and heavy volume.
PT: 62
