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Globus Medical I Crosses Above its 10-day MA (GMED)

By Shiri Gupta

Globus Medical I (NYSE:GMED) shares have crossed bullishly above their 10-day moving average of $53.07 on a volume of 407K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Globus Medical I share prices have moved between a 52-week high of $57.55 and a 52-week low of $28.36 and are now trading 93% above that low price at $54.79 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.2%.

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