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Danaher Could Dip Near-Term, Providing a Buying Opportunity

Bruce Kamich

The life sciences stocks have been rallying lately, and while some of that strength has stemmed from market rotations, Jim Cramer says most of the move is coming from solid execution. Danaher, is a well-run company that has an excellent track record of making smart acquisitions to turn good businesses into great ones according to Cramer. In the daily bar chart of DHR, below, we can see a sideways consolidation pattern from last June until early February.