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Wright Medical G Bullish Moving Average Crossover Alert (WMGI)

By Nick Russo

Today, shares of Wright Medical G (NASDAQ:WMGI) have advanced above their 10-day MA of $24.90 on a volume of 368K shares. This may provide swing traders with 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 G have traded between a low of $15.85 and a high of $31.53 and are now at $25.81, which is 63% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Wright Medical G on May 10th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.84. Since that recommendation, shares of Wright Medical G have risen 3.5%. We continue to monitor WMGI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses wright medical g

Ticker(s): WMGI