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Medical device supplier Covidien Ltd. (COV), first discussed here on June 4, 2009 at a price of $35.65, continues to vector higher, taking out major, psychological resistance at $50 with ease.

Hence, if you haven’t already, it’s probably a good idea to to consider taking some profits off the table, if you’re in at/near $35.65 with COV. Even so, those investors who can tolerate the risk can maintain their full position and go for an even bigger gain, as COV will likely test $60 in 2011.

Read the complete article here.

Happy trading,

Curt