Sleep disorder company RMD has worried the market with regard to potential supply disruptions as the world struggles to meet elevated demand for products with supply that’s still somewhat constrained. However we feel this is simply providing an opportunity and yesterday’s breakout to recent multi-week highs courtesy of a major recall by Netherlands based rival Philips appears to have been the catalyst to spark the stock back into life and offer some attractive risk / reward. We are bullish RMD looking for 15% upside while 4% stops can used by the active investor.
MM likes RMD with stops under $27 i.e. a good trade
Add To Hit List
