PerkinElmer Inc. breakout
PerkinElmer Inc. (PKI), in the food, medical, and cannabis lab testing equipment industry, breaks out after a 5 month sideways move. The stock is trading, on a 200 day relative strength moving average (RSMA), 10.7% above the SPDR S&P 500 ETF (SPY). The lab testing companies, such as Labcorp (LH) and Quest Diagnostics (DGX), are trading above the SPY also. We could make a snarky comment here but we’ll leave that to the snarky social message boards. (hint: don’t buy the gold miners, buy the pick and shovel stocks).
| PerkinElmer (PKI) breakout |
| PerkinElmer (PKI) RSMA vs. (SPY) |
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