Upgrade Alert for OSI Systems (OSIS)
OSI Systems (NASDAQ:OSIS) was upgraded from Hold to Buy at BB&T Capital today. The stock closed yesterday at $50.98 on volume of 336,000 shares, above average daily volume of 278,000.
OSI Systems, Inc. produces medical monitoring and anesthesia systems, security and inspection systems, and lasers, optics, and optoelectronic components. The Company's products include blood pressure monitors, anesthesia machines and hemoglobin saturation monitors, systems for inspecting baggage, people, and vehicles, and lasers, lenses, prisms, and microelectronic components.
OSI Systems (NASDAQ:OSIS) has potential upside of 93.7% based on a current price of $50.98 and analysts' consensus price target of $98.75. The stock should run into initial resistance at its 50-day moving average (MA) of $60.86 and subsequent resistance at its 200-day MA of $73.71.
Over the past year, OSI Systems has traded in a range of $48.19 to $96.75 and closed yesterday at $50.98, 6% above that low. The 200-day and 50-day moving averages have moved 0.57% lower and 1.22% lower over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of OSI Systems on December 10th, 2015 by issuing a Downtrend alert when the shares were trading at $90.68. Since that call, shares of OSI Systems have fallen 44.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: analyst upgrades/downgrades osi systems