Reminder - MAKO Surgical presents tomorrow morning at the J.P.Morgan Healthcare Conference. 7:30 AM Pacific Time. See MAKO Surgical site for link. I suspect they pre-announced sales data so they would be in a position to give a meaningful, upbeat presentation. This may give the stock a second wind.
Usually this events don't have a real impact on the stock price, unless they announce something new. I didn't like the price action today, even with a big green day in the market, but at least it held above the 200 day ma. Still holding on, but I don't have great expectations for the near term, but I hope I am wrong.
Please keep in mind that it is a process. Every day is not going to be a breakout day. Chartwise, MAKO stock had cleared substantial hurdles and overhead resistance in the first six trading sessions of 2012. It is the first time MAKO's MACD indicator has moved back into positive territory since November. Today's trading activity, while being lackluster, was a pause to help digest yesterday's meaningful advance. The chart and the stock have done nothing wrong since the start of the new year. Chartwise, MAKO is beginning to look very healthy but, it is still making adjustments. The fundamental aspects of what the company is doing and the technical performance of it's stock chart are inter-related. Right now, both are doing extremely well. Let's see what MAKO has to say in the conference. A lot of interested parties will be listening for signs and signals of how far along they are on achieving their goals. Please be patient, like anything else, recognize it's a process.
At 7:30 AM PCT, one has to wonder if anyONE will even showUP for the CEO's comments... NOT exACTly a PRIME time slot at this premier health care conference, which has GOTten lots of coverage on CNBC !!!!!!
Let's see if MAKO's CEO & CFO make it on TV tomorrow, that would be AWESOME !!!!!