CareFusion Is Cruising
CareFusion (CFN) is surging today following last night's earnings report. The medical instrument and supply company's shares are up more than 7% after beating fourth-quarter earnings estimates and lifting its full-year forecast. Bullish investors aggressively bid up shares on the news, sparking a powerful gap-higher open. This breakout action has carried CFN well past its July highs while upside volume jumps to its heaviest level of 2012. This very impressive move has the stock set up for a run at fresh yearly highs.
...214 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.