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Re: RMD - Resmed

Hi Colb - thank you for your response. I quite don't understand the `very low 2's - do you mean a price in the low 4.20s? I am new to the forum and may not fully understand how references to price are made. I too can see a downtrend going down to the 3.80s - 3.90s but RMD has traditionally traded on future earnings and recent decision in US to allow home diagnosis is expected to increase sales revenue in future. Even without the extra revenues from this decision or new products, if they continue to maintain earnings growth of 20%, the stock will head back close to $7.00 in 12 - 24months based on fundamentals. The charts are telling me that a break above $4.85 would see the stock breakout and head back quickly to $6.00 - $7.00 mark. There was also talk that up to 4 companies were interested in Respironics when they got a takeover offer.

I had a quick look at the charts for the 4 you mentioned. WOW!!!

I do margin lending so generally tend to stick to the blue chips.

I was mainly looking for opinions from those on the forum who follow charts to see if they also saw a fall to 3.80s - 3.90s for RMD in the near term.

Tulasi

<blockquote data-quote="tulasi74" data-source="post: 292271" data-attributes="member: 16190">Re: RMD - ResmedHi Colb - thank you for your response.&nbsp; I quite don&#039;t understand the `very low 2&#039;s - do you mean a price in the low 4.20s?&nbsp; I am new to the forum and may not fully understand how references to price are made.&nbsp; I too can see a downtrend going down to the 3.80s - 3.90s but RMD has traditionally traded on future earnings and recent decision in US to allow home diagnosis is expected to increase sales revenue in future. Even without the extra revenues from this decision or new products, if they continue to maintain earnings growth of 20%, the stock will head back close to $7.00 in 12 - 24months based on fundamentals.&nbsp; The charts are telling me that a break above $4.85 would see the stock breakout and head back quickly to $6.00 - $7.00 mark.&nbsp; There was also talk that up to 4 companies were interested in Respironics when they got a takeover offer.&nbsp; I had a quick look at the charts for the 4 you mentioned.&nbsp; WOW!!!I do margin lending so generally tend to stick to the blue chips.I was mainly looking for opinions from those on the forum who follow charts to see if they also saw a fall to 3.80s - 3.90s for RMD in the near term.Tulasi</blockquote>

[QUOTE="tulasi74, post: 292271, member: 16190"] [b]Re: RMD - Resmed[/b] Hi Colb - thank you for your response. I quite don't understand the `very low 2's - do you mean a price in the low 4.20s? I am new to the forum and may not fully understand how references to price are made. I too can see a downtrend going down to the 3.80s - 3.90s but RMD has traditionally traded on future earnings and recent decision in US to allow home diagnosis is expected to increase sales revenue in future. Even without the extra revenues from this decision or new products, if they continue to maintain earnings growth of 20%, the stock will head back close to $7.00 in 12 - 24months based on fundamentals. The charts are telling me that a break above $4.85 would see the stock breakout and head back quickly to $6.00 - $7.00 mark. There was also talk that up to 4 companies were interested in Respironics when they got a takeover offer. I had a quick look at the charts for the 4 you mentioned. WOW!!! I do margin lending so generally tend to stick to the blue chips. I was mainly looking for opinions from those on the forum who follow charts to see if they also saw a fall to 3.80s - 3.90s for RMD in the near term. Tulasi [/QUOTE]

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