Long Position on BRKR @ $53.00 on 1/14/2020 (Momentum)

bullish cup and handle, $BRKRBruker Corporation (BRKR) manufactures and distributes scientific instruments, and analytical and diagnostic solutions in the United States, Europe, the Asia Pacific, and internationally.

The company operates in two segments, Bruker Scientific Instruments, and Bruker Energy & Supercon Technologies.

It offers life science tools based on magnetic resonance technology; life science mass spectrometry and ion mobility spectrometry solutions; infrared spectroscopy and radiological/nuclear detectors for chemical, biological, radiological, nuclear, and explosive detection in emergency response, homeland security, and defense applications; and research, analytical, and process analysis instruments and solutions based on infrared and Raman molecular spectroscopy technologies.

The company also provides X-ray instruments, atomic force microscopy instrumentation, fluorescence optical microscopy instruments, analytical tools for electron microscopes and X-ray metrology, defect-detection equipment for semiconductor process control, and spark optical emission spectroscopy systems, as well as handheld, portable, and mobile X-ray fluorescence spectrometry instruments. In addition, it offers superconducting and non-superconducting materials and devices.

The company serves pharmaceutical, biotechnology, and diagnostics companies; chemical, food and beverage, clinical, and polymer companies; nonprofit laboratories; contract research organizations, academic institutions, medical schools, nonprofit or for-profit forensics, environmental and clinical microbiology laboratories, and hospitals and government departments and agencies, as well as agriculture, and food and beverage safety companies; nanotechnology, semiconductor, and industrial companies; and raw material manufacturers and other businesses through direct sales forces, distributors, independent sales representatives, and other representatives.

The Company is scheduled to report its quarterly results on February 11th. Ahead of that, shares are in the process of moving higher out of their bullish "cup and handle."

Entry Point: $53.00

Stop Loss: $50.30

Trading Range: $31.97 to $53.08

Target Price: $58.30

Updates

3/23/2020 9:38:21 AM

BRKR closed at $34.50

Position closed on 3/23/2020 at price of $34.50 with a -34.91% loss in 69 days.

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