Monday, August 4, 2008

Luminex Corp. (LMNX) - Double Shot - A New FusionIQ Short Squeeze and Breakout

Luminex Corp.'s (LMNX - FusionIQ Master Ranking - 87) broke out to a new 52-week record on Friday, one week before the company is to report its second-quarter earnings. The Austin-based maker of biological testing tools saw its shares rise more than 7 percent to $23.65 on Friday afternoon. Investors may be anticipating better second-quarter results from Luminex than Wall Street is anticipating. With 21.00 % of its float short and a point and figure target of $ 33.50 LMNX offers investors solid upside potential.

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