Singapore Stock Picking

Biosensors is one of the very few stocks that closed positive today. It has developed an uptrend since last year mid October till now. It will announce its results for the fourth quarter and the financial year ended 31 March 2009 on 28 May 2009, after trading hours. Next fibonacci resistance is 66.5 cents. Not an inducement to trade.

Corporate profile :

Biosensors International Group, Ltd. develops, manufactures and commercializes innovative medical devices used in interventional cardiology and critical care procedures. We are well positioned to emerge as a leader in drug-eluting stents, an evolving therapy that is rapidly gaining market share from traditional cardiovascular therapies. In June 2006, Biosensors was named one of 50 medical technology companies to be watched in Medical Device and Diagnostic Industry magazine's 50 companies to watch, which cited Biosensors' innovative biodegradable-polymer drug-eluting stents as one of the reasons for the Company to be watched.