“Patterson Companies, Inc. (PDCO), a member of the subgroup ‘Medical Supplies,’ outperformed yesterday with a gain of 1%. The longer-term P&F relative chart shows steady performance with some strength this month.
“The price chart holds its primary uptrend off the 2009 March low. The trend has not been dented by the recent general market correction and a test of the 2011 high of $36.93 is expected soon.
“If there is any further market weakness, then PDCO is the type of chart which is worth accumulating.”
- John Gray & Tarquin Coe, Investors Intelligence, May 9, 2012