CMED Has Potential

Medical device manufacturers seem to be bouncing back from their recent lows. China Medical Technologies, Inc. (CMED) shows good signs for a near to longer term upswing.

CMED is a medical device company engaging in the development, manufacture and sale of medical devices and supplies in China.

Positive signs are:

• Reaching a new three month high.
• Sustained break above the 50 day moving average.
• Adequate average daily volume (509,000).
• Sizable management ownership.

CMED trades today at 19.81 and looks like a good prospect for future profits.

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