Mindray Medical Breaks Out Of Cup-With-Handle Base
Since launching its initial public offering in September 2006, China-based Mindray Medical (MR) has had two strong runs. From its first breakout out of an IPO base in October 2006, the medical-equipment stock rose 153% in about 11 months. After correcting 73% during the bear market, Mindray offered its first successful breakout in June 2009. The stock then advanced 55% in seven months. Could act three be about to begin? On Wednesday, Mindray
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