STERIS is a provider of products and services which focused on infection prevention. Co.'s business segments are: Healthcare, which provides infection prevention and procedural products and services, including consumable products and equipment maintenance and installation services; Applied Sterilization Technologies, which provides contract sterilization and testing services for medical device and pharmaceutical manufacturers; Life Sciences, which provides consumable products, equipment maintenance, other services and capital equipment; and Dental, which provides instruments, infection prevention consumables and instrument management systems dental practitioners and dental schools.
When researching a stock like STERIS, 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 STE 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 STE 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 STE 200 day moving average ("STE 200 DMA"), while one of the most popular "shorter look-backs" is the STE 50 day moving average ("STE 50 DMA"). A chart showing both of these popular moving averages is shown on this page for STERIS. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the STE 200 DMA and the STE 50 DMA, we get a moving average convergence divergence indicator ("STE MACD"). The STE 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