Candela Corporation (CLZR) develops and sells advanced aesthetic laser systems that allow physicians and personal care practitioners to treat a wide variety of cosmetic and medical conditions including vascular lesion treatment of rosacea, facial spider veins, leg veins, scars, stretch marks, warts, port wine stains and hemangiomas; hair removal; removal of benign pigmented lesions, such as age spots, freckles and tattoos; non-ablative dermal remodeling of wrinkles; psoriasis, and other skin treatments.  

This high-ranked leader is in the Medical-Systems/Equipment group of stocks that presently ranks 22nd of IBD's 197 Industry Groups.  Other leaders showing confirming strength in the group include BioLase Technology, Inc. (BLTI) and Varian Medical Systems (VAR).  

The company was featured in the May 2003 issue of CANSLIM.net News at $11.00 immediately following its 4/30/03 gap up.  Its 50-day moving average line has provided important chart support, and should be a critical support level to watch that it remains above.  Today's action may be at least partly attributed to a brokerage upgrade, however the gap up and gains on high volume are a bullish indication.  

IMPORTANT: Be sure to have a look at its longer-term 5-Year chart to see why prior highs in 2000 may now serve as the next logical resistance point one might set as a likely target price on the upside.  If one is willing to pay 5% above the June 6th high, buying at much more than $13.82 is pressing the limits of the normal guideline.  Patience may allow for an even more attractive purchase on any low volume price dips into the $12 range. 

Shares Outstanding - 10.5 Million  | 50-Day Avg Vol - 152,000 |  
Prior 2 Qtrs EPS vs Yr Ago: Dec '02 $0.05 vs -0.11 , Mar '03 $0.25 vs -$0.03

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