Yesterday, The Bowser Report issued a daily mover alert on InfuSystem Holdings, Inc. (INFU), which gained more than 10 percent for the day.
INFU gained after seeing it’s fourth highest relative volume day all year. The stock has not seen this large of a gain in quite awhile and it seems to finally be reacting to the recent infusion pump acquisition PR. The company announced on Friday that its subsidiary, InfuSystem Inc., has reached an agreement for the acquisition of the 400 infusion pumps of InfusAID, LLC.
INFU currently has a Bowser Rating of 8 and will not change due to an overall asset increase. However, this is still a great step forward for INFU as the company takes a grab at more market share. The stock is trading above $3.00 so we do not recommend taking a position. The long-term debt of the company isn’t all that worrisome at the moment since it constantly reassures shareholders that it is expanding. We are watching INFU for a key break of it’s resistance zone of $3.60-$3.75 prior to making any large price swings. Expect continued volatility if volume remains consistently high.
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