Loser: ResMed (RMD)
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FacebookThe company ResMed (RMD) was the loser of the week for week 34 of 2006. ResMed's stock price closed down 11 percent on the week despite strong profit results. The company is involved in medical device manufacturing, in particular; ResMed is a leading manufacturer of medical equipment for the treatment and management of sleep-disordered breathing and other respiratory disorders. Note the volume spike above the 50 day EMA (Exponential Moving Average) line in the days leading up to the share price spike.
ResMed Limited is listed on the Australian Stock Exchange (ASX) under stock code RMD. You can view their investor website here. The company was listed on the ASX on 25 November, 1999 and is in the "Health Care Equipment & Services" industry group. Browse for other broker recommendations. Check your charts and good luck with your share trading!
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