Can Tactile Systems Technology, Inc. (TCMD)’s Tomorrow be Different? The Stock Just Broke Its High

June 13, 2018 - By Kenneth Lin

The stock of Tactile Systems Technology, Inc. (NASDAQ:TCMD) hit a new 52-week high and has $58.31 target or 6.00 % above today’s $55.01 share price. The 7 months bullish chart indicates low risk for the $994.26M company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $58.31 price target is reached, the company will be worth $59.66M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 6.53% or $3.37 during the last trading session, reaching $55.01. About 505,799 shares traded or 143.24% up from the average. Tactile Systems Technology, Inc. (NASDAQ:TCMD) has risen 110.96% since June 13, 2017 and is uptrending. It has outperformed by 98.39% the S&P500.

Analysts await Tactile Systems Technology, Inc. (NASDAQ:TCMD) to report earnings on August, 6. They expect $0.06 EPS, up 50.00 % or $0.02 from last year’s $0.04 per share. TCMD’s profit will be $1.08 million for 229.21 P/E if the $0.06 EPS becomes a reality.

More notable recent Tactile Systems Technology, Inc. (NASDAQ:TCMD) news were published by: Globenewswire.com which released: “Tactile Medical Acquires Intellectual Property Rights Related to Pneumatic Compression Device Technology” on June 04, 2018, also Benzinga.com with their article: “35 Stocks Moving In Monday’s Mid-Day Session” published on June 04, 2018, Businesswire.com published: “Glancy Prongay & Murray LLP Continues Investigation on Behalf of Tactile Systems Technology, Inc. Investors (TCMD)” on May 31, 2018. More interesting news about Tactile Systems Technology, Inc. (NASDAQ:TCMD) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For June 4, 2018” published on June 04, 2018 as well as Seekingalpha.com‘s news article titled: “Premarket analyst action – healthcare” with publication date: June 04, 2018.

Tactile Systems Technology, Inc., a medical technology company, develops and provides medical devices for the treatment of chronic diseases in the United States. The company has market cap of $994.26 million. It offers proprietary Flexitouch system, an at-home solution for lymphedema patients; ACTitouch system, a home solution for chronic venous insufficiency patients; and Entré System, a basic pneumatic compression device used for the at-home treatment of venous disorders, including lymphedema and chronic venous insufficiency. It has a 177.45 P/E ratio.

Tactile Systems Technology, Inc. (NASDAQ:TCMD) Ratings Chart

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