CAS Medical Systems
An under-$10 name in the medical equipment and supplies complex that's starting to look interesting is CAS Medical Systems (CASM - Get Report), a medical technology company that develops, manufactures and markets non-invasive patient monitoring products. This stock is off to a decent start in 2012, with shares up over 13%.
If you take a look at the chart for CAS Medical Systems, you'll notice that this stock bottomed in late 2011 at around $1.50 a share, and then ran up to its 2012 high of $2.98 a share. Since hitting that high, the stock has pulled back to its current price of around $2 a share. Now the stock has started to flirt with its 50-day of $2.10 and its 200-day of $2.18 moving averages today, and it's moved within range of some near-term overhead resistance levels. This move today could be signaling that CASM is preparing for a large spike higher.
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