Looking at ARTC, put on watch list fellas

whodi · #1 04-24-2008, 01:17 AM

Company has had some positive news of late. It has made a run of late but more importantly, it is trending up and looks to have broken the down trend it has been in since November. Will see how it opens, would love to see a healthy pullback for a nice entry point, if not, I probably won't wait and will start a position in it maybe not to aggressive at 1st and will just pick up some at different levels but if I feel it is ready for a continuous run I will definitely load up on it and continue to load up on healthy pullbacks. Found it 1 day late but I think we still got something here guys.

A winner on Tuesday, Arthrocare(ARTC - Cramer's Take - Stockpickr), which makes minimally invasive surgery products, saw its shares rise $2.60, or 7.2%, to $39.14 after releasing its quarterly results. The company earned $9.2 million, or 34 cents a share, up from $7.1 million, or 25 cents a share, in the comparable year-ago quarter. Sales increased 23% to $91 million, also beating expectations of analysts polled by Thomson Financial who expected 32 cents a share on $89.3 million in sales.

The company also said it expects profit of between $1.95 and $2, on sales growth of at least 20% for full year 2008. As of Tuesday, analysts polled by Thomson Financial were anticipating $1.93 a share on sales of $382 million.

Here is what I am looking at:

6 month chart

http://finance.yahoo.com/echarts?s=A...urce=undefined

12 month is clearer as far as the uptrend right now and the break of the downtrend IMO since Nov

http://finance.yahoo.com/echarts?s=A...urce=undefined

Opinions welcomed