• Return to Headlines

Merit Medical Systems Bullish Moving Average Crossover Alert (MMSI)

By Shiri Gupta

Merit Medical Systems (NASDAQ:MMSI) shares have crossed bullishly above their 10-day moving average of $20.03 on a volume of 135K 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.

Merit Medical Systems share prices have moved between a 52-week high of $26.42 and a 52-week low of $9.15 and are now trading 120% above that low price at $20.14 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Merit Medical Systems on March 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.92. Since that recommendation, shares of Merit Medical Systems have risen 4.0%. We continue to monitor MMSI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses merit medical systems

Ticker(s): MMSI