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TMO stock showed a bounce and indicated signs of reversal.
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Buyers are looking to retain at $450 and are gaining traction.
Thermo Fisher Scientific Inc. (NYSE: TMO) TMO stock bounced off from the lows and has showcased a reversal. TMO stock has posted the Q3 earnings results which were close to the estimates and the stock reacted positively because the stock has done its correction and is now ready for a fresh reversal. Furthermore, follow on buying was witnessed and TMO stock made a bottom near $415. TMO stock has corrected from the highs of $570, but after the Q3 results, stock did not lose gains.
TMO stock price is trading below the significant moving averages and is in the bearish trajectory for the past sessions. Moreover, the price action indicates that, if TMO stock surpasses $450, a fresh bull move can be anticipated which will extend to $470. Conversely, if it fails to hold the gains near $450, further downside action is expected. Per the opt
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