Friday, December 08, 2006

Trade Ideas: BEC

Jobs data helped put a little bullish strength in the market, but it didn't change the overall picture as markets took back some of Thursday's losses. The perceived bullish jobs data wasn't reflected in the Trade Ideas scan buying; 8 picks covered a time span of 15 minutes - well outside the range of buying for the last few days when markets were up, and down!

The only pick to push over the 20 appearance mark was Beckman Coulter (BEC) at 22 hits. The chart hasn't broken from its crude triangle consolidation (but is close to doing so). Stops can go on a loss of support and if the triangle plays to form BEC should go on to challenge $71. The 1.00% yield is a handy bonus.

Beckman Coulter, Inc. engages in the design, manufacture, and marketing of biomedical testing instrument systems, tests, and supplies. Its product lines include various blood tests routinely performed in hospital laboratories and a range of systems for medical and pharmaceutical research. The company’s products portfolio consists of chemistry systems, immunoassay systems, cellular systems, and discovery and automation products. Its chemistry systems comprise systems to detect and quantify substances of diagnostic interest in blood, urine, and other body fluids; primary care diagnostic products, including a range of rapid diagnostic test kits and hematology instruments; and manual and automated electrophoresis products.

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