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Mimedx Group Inc: The Losing Streak Continues (MDXG)

By Shiri Gupta

Mimedx Group Inc (NASDAQ:MDXG) traded at a new 52-week low today of $5.32. So far today approximately 1.5 million shares have been exchanged, as compared to an average 30-day volume of 2.9 million shares.

MiMedx Group Inc. operates as a medical device company. The Company is focused on biomaterials for soft tissue repair, such as tendons, ligaments, and cartilage, as well as other biomaterial based products for other medical applications. MiMedx Group serves the medical industry around the world.

There is potential upside of 161.4% for shares of Mimedx Group Inc based on a current price of $5.36 and an average consensus analyst price target of $14.00. Mimedx Group Inc shares should first meet resistance at the 50-day moving average (MA) of $7.42 and find additional resistance at the 200-day MA of $11.04.

In the past 52 weeks, shares of Mimedx Group Inc have traded between the current low of $5.32 and a high of $18.25 and are now at $5.36. The 200-day and 50-day moving averages have moved 1.47% lower and 0.89% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Mimedx Group Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mimedx Group Inc in search of a potential trend change.

Keywords: 52 week high/lows mimedx group inc

Ticker(s): MDXG