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March 20, 2013

SpeculatingStocks.com Stock Pick: Digirad Corporation (DRAD)

Stock Price: $2.44


Digirad Corporation engages in the development and manufacture of medical diagnostic imaging systems for nuclear cardiology and general nuclear medicine applications primarily in the United States.

The medical device/appliance/instrument space has been hot as of late. It is smart to play this promising sector right now with so much cash flow heading into it.

In the last few days, DRAD has broken through its resistance at $2.40 and is now hitting new 52-week high levels. It is possible that DRAD could have upside to $3.00 from here or higher if the market desires.

Keep watching DRAD as it is trading at a market cap of only around $47 million right now.

Speculative Score: 3

1 Being the Least Speculative and Most Confident

10 Being the Most Speculative and Possibly the Most Risky

 

 
     
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