What’s Tactile Systems Technology Inc (TCMD) Upside After Achieving All-Time High?

July 17, 2017 - By Hazel Jackson

The stock of Tactile Systems Technology Inc (NASDAQ:TCMD) reached all time high today, Jul, 17 and still has $32.59 target or 8.00 % above today’s $30.18 share price. This indicates more upside for the $520.28M company. This technical setup was reported by Barchart.com. If the $32.59 PT is reached, the company will be worth $41.62M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 198,269 shares traded. Tactile Systems Technology Inc (NASDAQ:TCMD) has 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Tactile Systems Technology Inc (NASDAQ:TCMD) Ratings Coverage

Among 2 analysts covering Tactile Systems Tech (NASDAQ:TCMD), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Tactile Systems Tech had 2 analyst reports since August 22, 2016 according to SRatingsIntel. The stock of Tactile Systems Technology Inc (NASDAQ:TCMD) has “Overweight” rating given on Monday, August 22 by Piperjaffray. The firm has “Buy” rating by BTIG Research given on Monday, August 22.

More notable recent Tactile Systems Technology Inc (NASDAQ:TCMD) news were published by: Startribune.com which released: “Tactile Systems lowers the offering price of its proposed IPO” on July 27, 2016, also Streetinsider.com with their article: “Tactile Systems Technology, Inc. (TCMD) Appoints Thomas O’Donnell, Jr. as CMO” published on July 11, 2017, Marketwatch.com published: “30.6303” on February 01, 2016. More interesting news about Tactile Systems Technology Inc (NASDAQ:TCMD) were released by: Nasdaq.com and their article: “Tactile Systems Technology Inc. (TCMD), Interview with Gerald R. Mattys, CEO” published on January 23, 2017 as well as Streetinsider.com‘s news article titled: “Tactile Systems Technology, Inc. (TCMD) Receives FDA 510(k) Clearance for …” with publication date: June 01, 2017.

Tactile Systems Technology, Inc. is a medical technology firm that develops and provides medical devices for the treatment of chronic diseases at home. The company has market cap of $520.28 million. The Firm is a maker and distributor of the Flexitouch and Entre Systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition that is often an unintended consequence of cancer treatment, and the ACTitouch System, a medical device used to treat venous leg ulcers and chronic venous insufficiency. It has a 400.59 P/E ratio. The Company’s products deliver long-term treatment of chronic diseases.

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