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Stocks Flashing Renewed Technical Strength: Tactile Systems Technology

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Tactile Systems Technology ( TCMD ) had its Relative Strength ( RS ) Rating upgraded from 78 to 82 Tuesday.

[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's proprietary rating identifies share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.

History reveals that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest climbs.

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Tactile Systems Technology is now considered extended and out of buy range after clearing a 21.16 buy point in a first-stage cup with handle . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Earnings growth moved up in the company's most recent report from 233% to 600%, but the top line fell from 33% to 25%.

Tactile Systems Technology earns the No. 7 rank among its peers in the Medical-Products industry group. Align Technology ( ALGN ), Abiomed ( ABMD ) and Inogen ( INGN ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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