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Wright Medical Bullish Moving Average Crossover Alert (WMGI)

By James Quinn

Wright Medical (NASDAQ:WMGI) shares have crossed bullishly above their 10-day moving average of $26.57 on a volume of 158K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Wright Medical have traded between a low of $15.02 and a high of $31.53 and are now at $26.76, which is 78% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Wright Medical on April 13th, 2017 by issuing a Downtrend alert when the shares were trading at $29.30. Since that call, shares of Wright Medical have fallen 9.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses wright medical

Ticker(s): WMGI