Chart Courtesy of

Industry: Medical Instruments Closing Price: 26.05 P/E: 859 Avg. Vol.: 44K

Company Profile: Thoratec Corporation researches, develops, manufactures, and markets medical devices for circulatory support and vascular graft applications. The Company's products include a ventricular assist device, an implantable left ventricular heart assist device, a vascular access graft, and a coronary artery bypass graft. Thoratec also supplies whole-blood coagulation testing equipment.

Chart Setup: Buy Setup

Trading Strategy: We'll look to buy THOR if it trades above 26.46 Place a protective stop under 25.45 Target 1: $28.00