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Wright Medical G Bullish Moving Average Crossover Alert (WMGI)

By James Quinn

Wright Medical G (NASDAQ:WMGI) shares have crossed bullishly above their 10-day moving average of $27.75 on a volume of 283K 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, Wright Medical G share prices have been bracketed by a low of $15.85 and a high of $31.53 and are now at $27.89, 76% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.2%.

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 15.0%. 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