# Here’s Where I’m Buying Meridian Bioscience Stock

Canonical: https://stocksurgedaily.com/heres-where-im-buying-meridian-bioscience-stock/

Regular readers know that I search far and wide for stocks that are exhibiting greater strength than the overall market.

This was getting difficult for a while as the markets were dropping sharply at the start of the year.

But with the S&P 500 and Nasdaq finally [**showing follow-through to the upside**](https://stocksurgedaily.com/why-im-buying-stocks-this-week/), I’m starting to see better setups again.

One that I’m looking closely at right now is **Meridian Bioscience, Inc.** (VIVO).

Here is where I plan to buy it…

![](https://lh3.googleusercontent.com/c9-noSxekhf0VkVM7P5qQ47FnDIKGX25KPEYzhVOzwtJN4Q15wBuCjJzfZyIMiaOgeeAfnxf46IQV98ajJtzRtdnIKSVPM5Kqyzd8Gy64b2GTUgGpmxduD40WL0TY6PGHe6SXy-c)

**_Daily Chart of Meridian Bioscience, Inc. (VIVO) -- Source: TradingView_**

A strong earnings report in early February sent the stock 30% higher in a week.

Since then, price action has started to quiet down, and [**pullbacks have shallowed**](https://stocksurgedaily.com/a-classic-stealth-setup-in-a-top-stock/) from 13% to just 5%.

This pattern tells me that no one else is selling. 

Each successive drop is less than the one before it, which is a sign that there were [**fewer sellers at the highs than last time**](https://stocksurgedaily.com/how-to-use-volume-as-part-of-your-stock-strategy/).

My goal with setups like these is to wait for the area on the right side of the chart to get very tight – just like what is happening now with VIVO.

And the nice thing about this setup is that you don’t have to risk much to see if you are right…

## **The Trade Setup**

If this is [**the breakout point I think it is**](https://stocksurgedaily.com/heres-what-a-textbook-breakout-looks-like/), VIVO should not come back beneath the last pullback area.

Therefore, I can place a sell stop at $25.00 and only risk about 5% on the trade.

On the other hand, the stock has proven that it can move.

As I mentioned, it jumped 30% in a week last month. If you bought the breakout, it never went against you.

So, I’m risking 5% to potentially make 20% or more.

That is known as “asymmetric risk.” Others simply call it [**a good risk/reward ratio**](https://stocksurgedaily.com/can-less-risk-lead-to-more-reward/).

Whatever you call it, being able to risk a little for the chance to make a lot should be your primary goal as an investor.

Embrace the surge,

![](https://lh4.googleusercontent.com/L6ze6VXP-9E3d5SqKUQoG70uRLbG5THipFGJ4vVe5hBMu4qxkDWMIiT242nDG32RvvsSCWUyax81F0mre2cza12mL36FCbJhDv8cDL33Armtm9U18v-OaUPTGuzcaarEml_aGR5x)

Ross GivensEditor, **_Stock Surge Daily_**