Have you or a loved one had back pain before? It's a really crappy problem to have...
That's why Globus Medical has built a robotic navigation system for minimally invasive spine surgery. These procedures are much safer and cheaper than ever before.
As many countries worldwide are struggling with aging demographics, this company stands to benefit from the increase in spine and orthopedic conditions.
It's happening right now. The company doubled its sales last year, and this growth is expected to continue for the foreseeable future.
This trend is far from over.
Globus Medical is being rewarded for reporting earnings:
Globus Medical has rallied after its last 4 earnings reports.
But it's not just the fundamentals that have us excited about this stock.
The stock chart is one of the most attractive in the market.
Here's why:
Positive earnings reactions.
Clear accumulation pattern on the weekly chart, which we can use to define our risk.
Volatility squeeze on the daily chart. From volatility compression comes expansion (like a spring).
In other words, the bulls are in control of this stock.
Here's how we're trading Globus Medical $GMED:
We want to own $GMED above 84.
If it fails to hold the breakout, we'll cut our losses.
