Technically solid, new inverted Head and Shoulders forming
We are now turning up to complete the right side formation, or left shoulder upside down. If these guys hadn't credibility in the right circles, they wouldn't be gaining partnerships with the likes of Thermo Fisher Scientific for distribution of their products. I think this is the Street's next 10 bagger waiting to happen. I just now grabbed another 300 shares AH at $5.19, now holding 11,300 shares, and by this time tomorrow I will be in the green on all my shares. My target is $60 in 2017.
Today's move to $5.20 has the inverted H&S now complete except for the arm back to the elbow which will be towards $6.00 per share. This is a very bullish chart formation people, trace it out and remember it, look for it as a bottoming formation, a consolidation pattern if you get it. When you see it, start buying and fasten your seat belts. This is going to be an interesting ride.
ATOS could become profitable in 2014 and their share price will be reflective of their earnings. They have a shot at getting back to the previous high, not sure what that was predicated on, just irrational exuberance I guess. But that would be the biggest upside I can see within the coming year, unless they keep adding major partners like Fisher. I do think what another poster said that if they added United Healthcare, or AETNA as their test being covered or endorsed by them, that would send the stock into new highs. And I do think there is a distinct possibility of that happening.