Masimo Corporation
Long

$MASI building 7 month #breakout base

173
A very constructive base building on MASI for the last 7 months.
* Decreasing volume during the base construction (Bullish)
* Multiple candle stick demand tails in the last 7 months points to institutions stepping in to pick up more shares on any weakness (indicates demand to the stock even at these higher levels is well and strong).
A strong daily close above $258 will signal the completion of the pattern and should set the stage to higher prices into uncharted territories.

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