FONAR Corporation: Shares Look Ready To Embark On A Sustained Bullish Run (Technical Analysis)
Summary
- FONAR Corporation showed encouraging growth trends in revenues and earnings, leading to a 'Buy' rating last year.
- Recent technical trends suggest a potential long-term change in the stock trend, supported by strong near-term growth rates and a favorable valuation.
- Forward-looking fundamentals, including the adoption of SwiftMR, indicate potential for continued growth and profitability for FONR shareholders.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in FONR over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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