Danaher Corporation is a global life sciences and diagnostics innovator. Co. operates through three business segments: Biotechnology, Life Sciences and Diagnostics. The Biotechnology segment includes the bioprocessing and discovery and medical businesses and offers a broad range of equipment, consumables and services that are primarily used by customers to advance and accelerate the research, development, manufacture and delivery of biological medicines.
When researching a stock like Danaher, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from DHR Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for DHR stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the DHR 200 day moving average ("DHR 200 DMA"), while one of the most popular "shorter look-backs" is the DHR 50 day moving average ("DHR 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Danaher. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the DHR 200 DMA and the DHR 50 DMA, we get a moving average convergence divergence indicator ("DHR MACD"). The DHR MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis