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Merit Medical Bearish Moving Average Crossover Alert (MMSI)

By Nick Russo

Merit Medical (NASDAQ:MMSI) shares have crossed bearishly below their 10-day moving average of $46.09 on a volume of 132K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Merit Medical has traded in a range of $18.22 to $49.50 and is now at $45.40, 149% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

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

Keywords: moving crosses merit medical

Ticker(s): MMSI