More on IART

I liked IART today and that is because I saw this as a solid stock with expectations above its sector and industry and a few little pop surprises each of the last 4 quarters that kept this stock humming along steadily climbing with a few pullbacks. First, its analysts expectations:

For the current, you can see that it stands above the benchmarks. There is steady growth quarter to quarter (with a disparity next quarter next to the industry) that keeps this stock pulling upwards:

You can see that the RSI and the MACD have reset to low ends of the spectrum which shows room to climb.
Looks like stockcharts made an error with todays candle. Below is the correct chart last 5 days:

I like the setup. The options weren't too good with low liquidity so I purchased the stock outright and will hold for a bit, time without options is more on my side.

So: to sum up..we bought on a pullback created by people freaking out that 1. The stock spun another company off and 2. That they spent money and acquired 2 more businesses a couple of days ago. Both of these facts are actually good for better positioning and better revenue, so it was an overreaction. If the stock does continue to fall, I will average down as far as 70 dollars. The stock has too much fire in it to go any lower.
This is why I like this stock.

Have a good weekend everyone, and Happy Fourth of July!

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