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Relatively Good Performance Detected in Shares of Insulet Corp in the Health Care Equipment Industry (PODD , NVRO , DXCM , BAX , MDT )

By James Quinn

We looked at the Health Care Equipment industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Insulet Corp (NASDAQ:PODD ) ranks first with a gain of 8.24%; Nevro Corp (NYSE:NVRO ) ranks second with a gain of 0.68%; and Dexcom (NASDAQ:DXCM ) ranks third with a gain of 0.38%.

Baxter Intl Inc (NYSE:BAX ) follows with a loss of 0.19% and Medtronic Plc (NYSE:MDT ) rounds out the top five with a loss of 0.39%.

SmarTrend recommended that subscribers consider buying shares of Medtronic Plc on May 3rd, 2019 as our technology indicated a new Uptrend was in progress when shares hit $89.50. Since that recommendation, shares of Medtronic Plc have risen 20.6%. We continue to monitor Medtronic Plc for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance insulet corp nevro corp dexcom baxter intl inc medtronic plc