Trend Illustration- Syneron Medical (ELOS)

We post this chart of Syneron Medical to illustrate the price chart attributes and how trend following techniques can be applied. Shares were purchased for our managed account February 9th based primarily on the observed daily and weekly chart price patterns. These positive technical attributes were backed up with reported positive fundamentals such as earnings and sales, growth rates plus others. An added bonus occurred On February 13, when the company reported that they were in talks with Apax Partners to possibly be acquired. Our entry point was $9.31 with an initial stop set at $8.68. Time will tell how this progresses. We'll let the price trends dictate our future actions.