Long Position on OSIS @ $73.20 on 8/29/2012 (Momentum)

OSI Systems (OSIS) designs and manufactures electronic systems and components for homeland security, healthcare, defense, and aerospace markets worldwide. The company operates in three divisions: Security, Healthcare, and Optoelectronics and Manufacturing.

The Security division provides security and inspection systems under the Rapiscan Systems name. Its products include baggage and parcel inspection, cargo and vehicle inspection, hold baggage screening, and people screening products to search for weapons, explosives, drugs, and other contraband, as well as for the verification of cargo manifests for monitoring the export and import of controlled materials.

The Healthcare division provides patient monitoring, diagnostic cardiology, and anesthesia delivery and ventilation systems under the Spacelabs name that are used in critical care, emergency, and perioperative areas within hospitals, as well as physician’s offices, medical clinics, and ambulatory surgery centers.

The Optoelectronics and Manufacturing division offers optoelectronic devices for the aerospace and defense, avionics, medical imaging and diagnostic, renewable energy, biochemistry analysis, pharmaceutical, nanotechnology, telecommunications, construction, and homeland security markets. This division also provides laser-based remote sensing devices to detect and classify vehicles in toll and traffic management system.

Shares have formed a bullish "flag" after the company reported strong results and its "liquid explosive detection system" was approved in the U.S. and Europe. 

52-Week Trading Range:  $31.00 - $75.00

Last Trade:  $73.20

Stop Loss:  $69.54

Target Price:  $80.52

Updates

10/3/2012 1:09:18 PM

OSI Systems (OSIS) is a great company. The stock has moved up only about five percents in the past 30-days. We closed the position and moved the proceeds to a better position.

Position closed on 10/3/2012 at price of $77.00 with a 5.19% gain in 35 days.

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