width=411

Chart Courtesy of Mastertrader.com

Industry: Medical Instruments Closing Price: 63.61 P/E: 16.5 Avg. Vol.: 645K

Company Profile: Beckman Coulter, Inc. designs, manufactures, and services laboratory systems consisting of instruments, reagents, and related products. The Company's systems are used to conduct basic scientific research, drug discovery research, and diagnostic analysis of patient samples. Beckman markets its products in the United States and internationally.

Chart Setup: Continuation Breakout

Trading Strategy: We'll look to buy BEC if it trades above 64.00 Place a protective stop under 62.85 Target 1: $66.00

SPW Update: SVNT reached our target and Lot 2 was sold for a nice gain on a trailing stop on 7/21. BIG was a valid entry and remains open. GE was closed at stop.