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Endologix Inc Looks to Continue to Trade Below its Annual-Low Share Price Today

By James Quinn

Shares of Endologix Inc (NASDAQ:ELGX) traded at a new 52-week low today of $2.76. So far today approximately 899,000 shares have been exchanged, as compared to an average 30-day volume of 296,000 shares.

Over the past year, Endologix Inchas traded in a range of $2.76 to $14.49 and are now at $2.77. The 200-day and 50-day moving averages have moved 0.13% lower and 1.15% lower over the past week, respectively.

Potential upside of 95.0% exists for Endologix Inc, based on a current level of $2.77 and analysts' average consensus price target of $5.40. Endologix Inc shares should first meet resistance at the 200-day moving average (MA) of $4.91 and find additional resistance at the 50-day MA of $5.60.

Endologix, Inc. develops, manufactures, sells, and markets minimally invasive treatments for vascular diseases. The Company's products include the Powerlink System, a catheter-based endoluminal stent graft that treats abdominal aortic aneurysms. Endologix's products are sold in the United States, as well as international markets.

SmarTrend recommended that its subscribers protect gains by selling shares of Endologix Inc on June 25th, 2018 by issuing a Downtrend alert when the shares were trading at $5.71. Since that call, shares of Endologix Inc have fallen 16.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows endologix inc

Ticker(s): ELGX