Stock Chart Analysis VIVO

Posted by downtowntrader | 2/19/2008 10:11:00 PM | 0 comments »

Stock Chart Analysis VIVO

Meridian Bioscience, Inc. (Public, NASDAQ:VIVO)

VIVO is a stock that got away from me early last year when it broke out of a lengthy base. It had a very nice run before beginning a consolidation period last October. It looks like it had a false breakout this January before falling back into it's base. It just reclaimed it's 20 and 50 day sma today, and found support at the bottom of the large base it's forming. If it can get back over 33 then it should come back for a retest of the prior highs. The prior highs also happen to be all time highs so a short squeeze could be in the works.

Good Trading,


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