Technical Speculator.com Trade-of-the-Week: Bruker Corp. (BRKR)

By Tech_Spec
3-March-2019 9:58:28 AM
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This week’s trade comes from the health care sector, medical equipment  industry of NASDAQ.  This stock is more or a technical trade rather then a fundamental and technical.  Some of the highlights are the breakout of the 13-month consolidation, the new 52-week high and the high Beta (1.63).  We are also encouraged by the strong results from NANO and CALID groups.

Company profile: Bruker Corporation 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 systems; 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, and defect-detection equipment for semiconductor process control.

Fundamentals:

Trailing P/E: 34.19, Forward P/E: 22.53

EPS: 1.14, PEG: 2.36

P/S: 3.22, P/B: 6.74

Profit margin: 9.48%, Operating margin: 13.98%

ROA: 8.12%, ROE: 21.79%

Current ratio: 2.18, Total cash: 322.4M, Total debt: 341.1M

Additional fundamental data: https://finance.yahoo.com/quote/BRKR/key-statistics?p=BRKR

Technicals:

Recently broke out of a 13-month consolidation

New 52-week high, New all-time high

Buying momentum (RSI( is rising and positive

Buying volume is neutral

1st support level is $36.25

The safety stop is at$35.10

The target is $44.50

Suggested buying approach: Buy the stock at the current price level.  If BRKR pulls back, wait for confirmation of support and then add to the position, if desired.  Always use a 3% trailing stop.

 

 

 

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Author: Tech_Spec

Canada’s only Master of Financial Technical Analysis (MFTA). This 4 – 5 year program offered by the International Federation of Technical Analysts (IFTA) in England is regarded as the global standard. • Instructor of Technical Analysis for the Canadian Securities Institute (CSI). My role is teaching market analysis to industry professionals. • Financial Technical Analyst offering 25 years experience in the financial and investment service industry. • Editor and owner of the Technicalspeculator.com, an on-line independent financial market research and newsletter website. • Registered Securities Advisor

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