Share investing involves a great amount of risk. But investing gives the great returns if it is done in good stocks. Mazor Robotics, Ltd. is a medical device company and manufacturer of a robotic guidance system for spine surgery. It implements various Research and Development Activities which will boost its revenue in future.
Investing in right share will make you rich. Mazor Robotics is one of that kind of multibagger stock. As the stock is in Medical Technology industry which is developing rapidly. The Company has a niche position in the Medical Technology Industry.
Mazor Robotics Technical Analysis:
Mazor Robotics stock forms higher high higher low on weekly charts. The stock hit 52 weeks high on 2017 May at $45.64. After that, the stock is consolidating for 2 months. Now, the stock is ready for a breakout. $42 is the resistance for the stock. A non-stop rally towards $100 is possible after stock breaking above $42. The stop loss for the buy is placed at $38. Hence, one can buy the stock as long term investment.
Buying at 52 weeks high is always a profitable strategy for long term investors. So the risk reward ratio always favorable for bulls at 52 week high. When to buy stocks and when to sell stocks.