Let’s take a closer look at this GVN condition (Gap, volume, News)
– Gap : Yes
– Volume : Yes
– News : Yes,
Rival medical device makers St. Jude Medical and MedTronic are surging on news that Boston Scientific’s announcement that it stopped shipments and is retrieving inventory of all its implantable cardioverter defibrillators, or ICDs.
So, not really news by STJ itself, but about is competitors loosing ground.
It is breaking a strong resistance there, so I’ll watch it for a day or 2 to 3. If it is then still above the resistance level of 40, I’ll buy.