Medical - Systems/Equipment Firm Identified While Breaking Out

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Medical - Systems/Equipment Firm Identified While Breaking Out
Tuesday, February 16, 2010 CANSLIM.net

Sirona Dental Systems (SIRO +$2.26 or +6.49% to $37.09) gapped up today and hit a new 52-week high with a considerable gain, triggering a technical buy signal. It was featured in yellow today the mid-day report (read here) while rallying from a 10-week flat base. It has rallied from January 2009 lows near $10. Fundamentally, following 3 negative comparisons, its sales revenues in the Sep and Dec '09 quarters showed a return to growth. Quarterly earnings increases have been very strong along with great annual earnings growth in recent years (good C and A criteria).

This high-ranked Medical - Systems/Equipment firm completed Secondary Offerings on 8/06/09 and 12/11/09. The number of top-rated funds owning its shares rose from 55 in Mar '09 to 75 in Dec '09, which is nice reassurance with respect to the I criteria of the investment system. Gaps up into new high territory are also signs of heavy accumulation. The bigger concern right now remains the M criteria, as 3 out of 4 stocks follow the general market direction. Until a solid follow-through-day occurs, new buying efforts are discouraged under the strict rules of the investment system. In a healthy market environment, there is usually no shortage of ideal buy candidates that come along. The current dearth of leadership remains a concern.

About : Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.
You can contact Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam at kengruneisen@gmail.com

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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM^® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.