Living la VIVO Loca...

One of my least favorite industry groups is the Medical- Products industry group. I always believed that it was a poor performing group with no real good winners. That was until I saw Meridian BioScience (VIVO)! VIVO is a medical products company that develops diagnostic substance test kits! VIVO makes over 200 disposable test kits as well as proteins and amino acids for drug development. The companys test kits analyze blood and tissue samples to diagnose diseases such gastrointestinal infections, mono, strep throat among others! VIVO sells its testing kits to hospitals, labs, physicians offices, outpatient clinics, and nursing homes!
I like VIVO because its pummelling its competition. Out of all the stocks in its industry, VIVO is the best one technically and even fundamentally. The chart is also very healthy as well. The company boasts a 1yr sales growth of over 20% and $9,000,000 in 2004 annual income. Insiders own roughly 25% of the company, while 36% is owned by institutions. The stock is currently trading at 21.51

Meridian BioScience (VIVO) 3 month chart



Nice chart! I noticed some increased institutional buying in the middle of September! VIVO's chart is looking good! I see more upside in the future!







Approach: You should wait for the stock to pull back just a little since it was up over 6% on Friday! The stock is currently at $21.51. A buy at the low $21 or high $20 level is fine.

Time Frame: This is a mid to long term trade.

Target: The first target is to hit $23+. 2nd target is to hit $27