Peter Kotoff
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Peter Kotoff in Alpha Consulting,

AngioDynamics gets noticed by traders after beating the estimates- $ANGO

Let's take a look at AngioDynamics. The company reported fiscal third-quarter net income of $630k after reporting a loss in the same period a year earlier beating both on EPS and Revenue.

Usually this healthcare company trades on low volume and I would not consider it, however with Relative Volume of 3.10 it presents a good opportunity for a move over 12 since it is slowly filling in the gap and healthy earnings should be a good trigger for that.

Long entry would be over 9 EMA at 11.75 with a pretty tight stop at 11.60-70 depending on the position size and risk tolerance.

We want both 9 and 20 EMAs become new support levels. $ANGO has got room up to $13 if market cooperates and if the stock manages to push through resistance at $12 and 12.50 levels.

ATR of 0.50 cents and RSI of 52 make AngioDynamics a good candidate for the low risk swing trade.

Sector - Healthcare

Industry- Medical Instruments & Supplies

Market Cap: 407.40M

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 12 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.