A Surgical Reversal in MAKO
Posted: August 1, 2013 Filed under: Double Bottom | Tags: healthcare, mako, mako surgical, mako surgical corp, robotic arm solution
Mako Surgical (MAKO) has completed a 7-months double bottom pattern with a target of $16. The surge of volume (6x avg) on the breakout gives more confidence in this trade. The formation is considered a bullish reversal of the downward price trend since March 2012.