Shares of Thermo Fisher Scientific Inc (TMO) have been on a roll since June, adding some 35% in just a half-year. News highs are just ahead.
The company develops, manufactures and markets analytical and environment monitoring instruments. The company provides analytical instruments, equipment, reagents and consumables, software and services for research, analysis, discovery and diagnostics.
As this article is being written on Monday, December 10th, Thermo Fisher is trading at $64.93, only a dollar away from its July 7, 2011 closing highs at $65.57.
A decisive close above those highs would be very bullish long term. We would by this stock at current levels with a 10% trailing sell stop.
Disclosure: Author does not currently have a position in Thermo Fisher.