Relatively High Beta Detected in Shares of Align Technology in the Health Care Supplies Industry (ALGN, STAA, RTIX, ANIK, SPNC)
Below are the three companies in the Health Care Supplies industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.
Align Technology ranks highest with a a beta of 1.4. STAAR Surgical is next with a a beta of 1.4. RTI Biologics ranks third highest with a a beta of 1.2.
Anika Therapeutics follows with a a beta of 1.2, and Spectranetics rounds out the top five with a a beta of 1.1.
SmarTrend recommended that subscribers consider buying shares of STAAR Surgical on July 12th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $6.29. Since that recommendation, shares of STAAR Surgical have risen 45.1%. We continue to monitor STAAR Surgical for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest beta align technology staar surgical rti biologics anika therapeutics spectranetics