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Josh Enomoto

Traders Eye a Breakout in Thermo Fisher Scientific (TMO) Amid Market Undercurrents

TMO Thermo Fisher Thermo Fisher Scientific

Investors seeking a quick upside opportunity may want to consider adding Thermo Fisher Scientific (TMO) on their radar. Thanks to a combination of value compression, positive options flow and a compelling quantitative signal, TMO stock could be a solid reversal candidate.

A scientific instrument manufacturer, Thermo Fisher is somewhat of a contradiction. Thanks to its leadership in the scientific realm, the company is incredibly relevant. It’s no surprise that Wall Street analysts rate TMO stock as a Strong Buy with an average price target of $560.62. On the flipside, technical indicators suggest that TMO is a name to avoid. Over the past 52 weeks, the equity slipped more than 29%.

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