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Globus Medical I Bearish Moving Average Crossover Alert (GMED)

By David Diaz

Today, shares of Globus Medical I (NYSE:GMED) have crossed bearishly below their 10-day moving average of $44.98 on a volume of 523K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Globus Medical I has traded in a range of $38.01 to $57.83 and is now at $42.84, 13% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.4%.

SmarTrend is tracking the current trend status for Globus Medical I and will alert subscribers who have GMED in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses globus medical i

Ticker(s): GMED