BioTelemetry used to be called CardioNet. Its ticker symbol is BEAT.

BioTelemetry had an investor’s call this morning. They discussed the purchase of a company called LifeWatch. BEAT has had made a few other acquisitions the past few months.

BEAT makes wireless cardiac monitoring devices that help healthcare providers monitor patients’ health.

In the past 2 weeks, Amazon (AMZN) and Tesla (TSLA) have received multiple upgrades. This has helped propel their stock price higher.

BioTelemetry has only a few analysts covering it. As more analysts cover BEAT and assign price targets for the stock, the stock price should shoot up higher.

BEAT went public 2 years ago and it’s beaten earnings all 8 quarters. It beats EPS estimates by 40% on average and the stock usually goes up 8% after reporting earnings.

The stock is trading above its 50 and 200 Moving Day Average (MDA)

Technically it’s clear skies for BEAT until it hits $50. So it looks like BEAT will be playing a good tune for investors for the next couple of years.

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