Analogic Corp. (ALOG) shares defining bullish 'flag'


Analogic Corporation (NASDAQ: ALOG) designs and manufactures medical and security imaging processing systems, primarily for original equipment manufacturers. Its devices are used in such products as magnetic resonance imagers, ultrasound transducers, checked luggage scanners and explosives detection systems. Major customers include L-3 Communications (NYSE: LLL), Philips (NYSE: PHG) and General Electric (NYSE: GE).

The company pleased investors last week, when it reported fiscal Q1 EPS of 53 cents and revenues of $94.2 million. Analysts had been expecting 40 cents and $87.4 million. ALOG shares popped through moving average resistance on the news and then passed into a bullish "flag" consolidation pattern. Prices frequently exit flags moving in the same direction they were traveling on entry. In this case, that would be to the upside.

Brokers recommend the issue with one "strong buy," one "buy" and three "holds." Analysts expect a 25% average annual growth rate, through the next five years. The ALOG Price to Sales ratio (2.41), Price to Book ratio (2.13), Sales Growth rate (24.60%) and EPS Growth rate (70.97%) compare favorably with industry, sector and S&P 500 averages. Institutional investors hold about 95% of the outstanding shares. The stock is one of those used to calculate the S&P 600 SmallCap Index. Over the past 52 weeks, it has traded between $50.00 and $79.02. A stop-loss of $58.00 looks good here.

Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com.

Symbol Lookup
IndexesChangePrice
DJIA0.0012,890.46
NASDAQ0.002,927.23
S&P 5000.001,351.95

Last updated: February 10, 2012: 09:11 AM

Hot Stocks

General Electric

19.130.00(0.00)

Alcoa

10.640.00(0.00)

Apple Inc

493.170.00(0.00)

Google Inc 'A'

611.460.00(0.00)

Bank of America

8.180.00(0.00)

Wal-Mart Stores

61.960.00(0.00)

Exxon Mobil Corp

84.880.00(0.00)

Ford

12.690.00(0.00)

Citigroup

33.660.00(0.00)

IBM

193.130.00(0.00)

Yahoo

16.000.00(0.00)

Starbucks

49.200.00(0.00)

Microsoft

30.770.00(0.00)

Home Depot

45.270.00(0.00)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

DailyFinance BlackBerry App

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

BioHealth Investor Headlines

Page Loaded in 1328883063344 ms.