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Neuronetics Inc
Neuronetics makes special medical devices that use magnetic pulses to stimulate specific areas of the brain. Doctors use these devices to treat patients with depression who haven't responded well to medications. The company makes money by selling the equipment to clinics and hospitals, and also from the treatment sessions patients receive using their technology.
The healthcare technology industry focuses on creating medical devices and treatments that don't involve traditional drugs or surgery. Companies in this space develop equipment that helps doctors treat conditions in new ways, often with fewer side effects than medications. This sector has been growing as more patients and doctors look for alternatives to pharmaceutical treatments.
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ANALYSIS:Price energy is building quickly for a potential move. Bullish alignment confirmed.
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Price is extended significantly above 52-week highs.
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