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Consolidating Near Prior Highs Above 50-Day Moving Average - Friday, December 17, 2021
Danaher Corp (DHR -$5.08 or -1.60% to $313.41) was highlighted in yellow in the 12/16/21 mid-day report (read here) with pivot point cited base on its 9/10/21 high plus 10 cents. Consolidating above its 50 DMA line and perched within striking distance of its 52-week high. Subsequent gains above the pivot point for new highs (N criteria) with at least +40% above average volume may trigger a technical buy signal.
DHR has a 92 Earnings Per Share Rating. Reported Sep '21 quarterly earnings +39% on +23% sales revenues versus the year ago period, its 6th strong comparison above the +25% minimum guideline (C criteria) and sales revenues growth has been strong. Annual earnings (A criteria) history has shown slow steady growth. The company has a new CEO as of 9/01/20.
The number of top-rated funds owning its shares rose from 3,131 in Dec '20 to 3,601 in Sep '21, a reassuring sign concerning the I criteria. Its has a Timeliness rating of B and a Sponsorship Rating of B. There is a large supply of 714.6 million shares outstanding (S criteria), which makes it a bit less likely to be a quick sprinter.
