Mindray Medical International Ltd. (MR)

(A Top Pick Aug 8/08. Down 18%.) Chinese company that makes imaging equipment that got FDA approval about 18 months ago. Earnings growth has tapered off. Now trading in a very flat consolidation and technically it looks like it is going to go higher.

Manufactures imaging equipment. The selloff on Thursday was too large for the breakout so if the stock undercuts $36 you want to get out. Volatile and a bit erratic. Very good earnings growth and they got FDA approval last year so there is a lot of room for growth.

Pretty diversified but really a play on medical devices and medical testing in China. Layer on the demographics and the need for continued health-care and support for that from the Chinese government. Stocks have been really beaten down but the businesses are still growing. Likes this one for the dynamics.