I would also caution against over exuberance re the 510k...

I would also caution against over exuberance re the 510k clearance. They are low risk approvals especially for a follow on product. Market pros would know it was always going to happen and often use these announcements as a sell the news event. This results in a long red candle for the days trading.

The only thing that caught my attention was the lack of anticipation of the clearance with SP going down over the last 6 weeks. I think the pros have been caught out on the timing due to lack of awareness of Special 510k pathway used. So may result in the buy the news event.