RadNet Inc (Ticker: RDNT) is a leading provider of outpatient diagnostic imaging services, operating a network of imaging centers across the United States. They offer a comprehensive range of imaging services, including MRI, CT scans, X-rays, and mammography, with a focus on delivering high-quality patient care.

In terms of technical analysis, the stock of RadNet Inc has recently shown a significant breakout from a long-term basing pattern. This breakout has occurred both on an absolute basis, indicating strength in the stock's price movement, and on a relative basis, suggesting outperformance compared to the broader market or its industry peers.

Investors should closely monitor the stock's price action and volume levels to confirm the sustainability of this upward movement. The breakout from the basing pattern could potentially signal a new bullish trend for RadNet Inc, presenting an opportunity for investors to consider long positions.