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.