MAKO Surgical Corp. : Abbott Laboratories, Boston Scientific, Medtronic and MAKO Surgical Under StockCall's Microscope
03/04/2013| 08:05am US/Eastern
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LONDON, March 4, 2013 /PRNewswire/ --
Markets remained strong throughout last week despite concerns about spending cuts.
Broader market indices remained bullish and The Dow Jones closed the week at 14,089.66, up
0.25 percent while NASDAQ was up 0.30 percent to close at 3,169.74. Similarly, S&P also
ended at a positive note at 1,518.20, up 0.23 percent. Our research team took a look at
healthcare sector, more precisely at the Medical Appliances & Equipment industry which
includes major companies like Abbott Laboratories (NYSE: ABT), Boston Scientific
Corporation (NYSE:BSX), Medtronic Inc. (NYSE: MDT) and MACO Surgical Corp. (NASDAQ: MAKO).
StockCall has released full comprehensive research on ABT BSX MDT and MAKO and these free
technical analyses can be downloaded by signing up at
http://www.stockcall.com/technicalanalysis
Abbott Laboratories stock closed at $33.60, 0.56 percent lower, on Friday. The stock
traded in the range of $33.55 and $33.91 during the session and is currently below its
20-day moving average price of $33.62. It traded 14.60 million shares, in comparison to
its usual daily volume of 12.90 million shares. Abbott Laboratories gained 2.6 percent so
far this year. Its Price/Earnings ratio is 8.96. Abbott Laboratories stock is in a neutral
phase and its first resistance level is at $33.69. On the downside, its first support is
at $33.45. Upon breaching this level, its second support level is at $33.06. Free
technical analysis on ABT available by signing up at
http://www.StockCall.com/ABT030413.pdf
Despite its downward movement in the latest trading session on Friday, Boston
Scientific Corp. is still up 28.62 percent for the year. It has gained 22.83 percent in
the past 52 weeks. The stock closed 0.27 percent lower at $7.37 on volume of 15.93 million
shares. Its average trading volume stands at 26.09 million shares. Boston Scientific
shares currently face resistance at around $7.70. The stock has support at around $6.90.
It is currently trading above its 50-day moving average price of $6.78, which is a bullish
signal. Register today and access the free research on BSX at
http://www.StockCall.com/BSX030413.pdf
Medtronic Inc. traded in the range of $44.51 and $45.31 during its previous trading
session on Friday. It opened at $44.80 and closed at $45.23, up 0.60 percent. The stock is
currently in a neutral mode and it has a first resistance level at $46.25. Upon breaching
this level, Medtronic may go as high as $47.33. The stock traded 4.37 million shares and
is currently above its 20-day moving average price. Its first support level is at $44.76,
while its second support level stands at $43.88. So far in 2013, the stock is up 10.26
percent, while it gained more than 19 percent in the past 52 weeks. The free report on MDT
can be downloaded by signing up now at
http://www.StockCall.com/MDT030413.pdf
Despite the upward movement shown by broad market indices, MACO Surgical's stock
finished 0.31 percent lower at $12.75, with volume down from daily average of 1.34 million
to 1.25 million shares. MACO Surgical Corp.'s stock lost 0.78 percent value so far in this
year. However, the stock currently shows a neutral trend which is further confirmed by the
stock's MACD chart. The company's shares have first support level at $12.16. Upon
breaching this level, the stock may tumble down to $10.89. In the coming trading sessions,
the stock is likely to go as high as $13.28. Its second resistance level is at $13.84.
Free report on MAKO can be accessed by registering at
http://www.StockCall.com/MAKO030413.pdf
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SOURCE StockCall.com
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