Long
A healthcare sector play without the political risk
I posted the other day about how the healthcare sector would be a good defensive play in October but for the political risk faced by health insurers and pharmaceutical companies. Well, here's a company with great financials and none (or at least less) of that political risk. SMED is a medical waste disposal company, and its services would still be in demand even if the US passed a universal healthcare law.
SMED has an 8.8 Equity StarMine Summary Score and is rated "Undervalued" by the fundamental analysts at S&P Capital IQ. It's a little high in its RSI channel right now, but it still seems to be uptrending. I expect it will soon retest its recent highs at 4.46-4.48, and if it pushes above that level then it could get a nice breakout. SMED utterly destroyed analyst expectations on its last earnings report and has plenty of room to run.
SMED has an 8.8 Equity StarMine Summary Score and is rated "Undervalued" by the fundamental analysts at S&P Capital IQ. It's a little high in its RSI channel right now, but it still seems to be uptrending. I expect it will soon retest its recent highs at 4.46-4.48, and if it pushes above that level then it could get a nice breakout. SMED utterly destroyed analyst expectations on its last earnings report and has plenty of room to run.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.