Bad news for new Thermo Fisher Scientific buyers
the lows arent in and 550.00 is expensive
I think TMO 0.00 will have to come down from here to long term support at 450.00 and that the most recent move below 550.00 is probably the last stop before a new quarterly low. Despite it being recommended for a buy, I dont recommend it here. I see it floundering and unable to make new highs.
There is various cyclical evidence that contributes. A move below $520 seals the fate of this stock to go to $450.
Careful, it has to be timed correctly. And dont try to extend the target.
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