Sharps Compliance Is Showing an Interesting Uptrend

 | Dec 04, 2015 | 11:00 AM EST
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

smed

Sharps Compliance (SMED) has been in an uptrend the past year and more gains may lie ahead. 

Uptrends have corrections and interruptions. In this chart of SMED, a Houston-based waste management services provider, above, the corrections have been either sideways or they have been to the downside like the most recent pullback. SMED is above its rising 50-day and 200-day moving average. There is a strong and rising On-Balance-Volume (OBV) line. The trend following Moving Average Convergence Divergence (MACD) oscillator has turned up and is crossing the zero line, telling us that we are in an uptrend.

This three-year chart of SMED is also very positive with prices above the rising 40-week moving average. The OBV line is improving and MACD oscillator is correcting. SMED is likely to trade sideways a while longer before making another upside attempt, so buyers should take their time and use available weakness toward $8 for purchases. 

Columnist Conversations

Facebook had outstanding earnings and looks to continue upward, while HD is a strong breakout on volume and Ak...
Stock picking contests can be entertaining and can provide some interesting ideas but if you seriously want to...
Your Reality Check. Check out Real Money's Helene Meisler's latest podcast here. Subscribe to Meisler's T...
XBTUSD (Bitcoin) On 4/25 Bitcoin top ticked @ 9755.52 and then FELL. Our first short term support @ 8990 was...

BEST IDEAS

REAL MONEY'S BEST IDEAS

News Breaks

Powered by
Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.