Exactech, Inc. is a high-ranked leader in the group of Medical-products stocks, of which there are other leaders showing confirming strength including Inamed Corp (IMDC) and Synovis Life Tech (SYNO).  "What to Look for and What to Look Out For" in the July issue of CANSLIM.net News concerning Exactech mentioned that "any dip back towards an upward trend line drawn connecting the March and May low closes it might still be considered a decent buying opportunity."  Indeed, it stayed above that technical trend line as you'll see in the chart above (see lower green line which defines the upward trend).  Today's move into new high territory this morning helped it break out above the upper green line which is drawn at the prior high close of $16.30 that occurred on April 29th, 2003.   

IMPORTANT: This is a less liquid, or less actively traded stock which can be volatile, and many leading stocks have been increasingly volatile in recent weeks!  One striking point on this chart is the very high volume down day on June 30th, which is not a good thing to see even if it in this case it was possibly just an aberration due to quarter-end portfolio rebalancing and adjustments to the Russell 2000, etc.  We suggest re-reading the "Stocks to Watch in This New Market" summary on this company and refreshing yourself on the issue.  To do so simply CLICK HERE.

Shares Outstanding - 11.0 Million  | 50-Day Avg Vol - 56,000 | Prior 2 Quarterly earnings % Change: +17%;+27%

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