ResMed Becomes Latest Medical Stock To Hit New High
Posted on December 12, 2012 at 18:14 PM EST
ResMed (RMD) on Wednesday joined the growing number of medical stocks that have reached new highs during the past week. As noted in a prior New High List column, it's part of a club that includes Cantel Medical (CMN), Celgene (CELG) and AmerisourceBergen (ABC). ResMed, which makes equipment to treat sleep disorders, cleared a 42.40 buy point from a flat base on Wednesday as it scored its new high. The stock closed up 1%. On the downside, ResMed