Long Position on CMD @ $101.00 on 11/15/2017 (Momentum)

Bullish Cup & Handle on CMDCantel Medical Corp. (CMD) provides infection prevention products and services for the healthcare market worldwide.

The company operates through four segments: Endoscopy, Water Purification and Filtration, Healthcare Disposables, and Dialysis.

The Endoscopy segment offers automated endoscope reprocessing systems; detergents; leak testing and manual cleaning products; storage cabinets; transport systems; mobile medical carts; endoscope process tracking products; other consumables, accessories, and supplies for use in disinfect rigid and flexible endoscopes, and other instrumentation; cleaning and disinfecting reusable components used in gastrointestinal endoscopy procedures; and technical maintenance services.

The Water Purification and Filtration segment provides water purification systems; bicarbonate systems; hollow fiber filters; filtration and separation, liquid disinfectants and cold sterilization, and dry fog products; and room temperature sterilizers for the dialysis and specific healthcare applications, research laboratories and pharmaceutical, food and beverage, and commercial industrial customers.

The Healthcare Disposables segment offers biological and chemical integrators, sterilization pouches, towels, bibs, tray liners and sponges, nitrous oxide/oxygen sedation equipment and related single-use disposable nasal masks, face masks, shields, hand sanitizers, germicidal wipes, surface disinfectants, saliva ejectors, evacuator tips and plastic cups, and prophy angles and pastes, as well as waterline treatment products for maintaining safe dental unit waterlines.

The Dialysis segment provides medical device reprocessing systems, sterilants/disinfectants, dialysate concentrates, and other supplies for renal dialysis.

The company sells its products through its direct distribution network in the United States; and directly or under third-party distribution agreements internationally. Shares have formed a bullish "cup and handle" and highr share prices are expected for this stock.

 

52-Weeks Trading Range: $69.21 - $101.48

Entry Point: $101.00

Stop Loss: $96.00

Target Price: $111.20

Updates

12/29/2017 9:44:02 AM

CMD closed at $103.

Position closed on 12/29/2017 at price of $103.00 with a 1.98% gain in 44 days.

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