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Bio-Rad Laboratories, Inc. (BIO) - Buy, Sell or Hold?

Sector: Capital Goods   Sub-Sector: Biotechnology: Laboratory Analytical Instruments
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017NoneBearish EngulfingWed, 01 Nov 201717.27%
***Stock database and scans are updated around midnight (New York time) every trading day.
255.49 0.00 (0%) Nov 17 4:00pm EST
Open: 255.84 Range: 253.97 - 256.93 Vol: 129.09K Avg Vol: 167.95K
EPS: 0.51 P/E ratio: 434.37 EBITDA: 233.59M Mkt Cap: 6.51B
Analyze "BIO" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 254.71
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 241.64
Last Trade is above the 50 day moving average at 231.03
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 218.55
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of BIO

Stock Trend Analysis - Buy, Sell or Hold "Bio-Rad Laboratories, Inc." (BIO)?

BIO is in a very strong uptrend. In the last 52 weeks, BIO has been trading above the 200 day moving average for 100% of the time with an average daily volume of 167.9K shares being traded. The 50 day moving average, currently at 231.03, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. BIO was only able to maintain above the 20 SMA for 45% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. Traders who are thinking of going long BIO shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 231.03 and 218.55 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "BIO".

The analyst consensus estimates for the 1 year price target for this stock is $262.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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