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ResMed is Among the Companies in the Health Care Equipment Industry With the Lowest Relative Performance (RMD, AMMD, SYK, NUVA, MELA)

Written on Tue, 07/27/2010 - 5:48am
By Chip Brian

Below are the top five companies in the Health Care Equipment industry as measured by lowest relative performance. This analysis was based on yesterday's trading activity as we search for stocks that could be relative bargains.
ResMed (NYSE:RMD) ranks first with a loss of 1.51%; American Medical Systems (NASDAQ:AMMD) ranks second with a loss of 1.49%; and Stryker (NYSE:SYK) ranks third with a loss of 1.4%.
NuVasive (NASDAQ:NUVA) follows with a loss of 1.08% and MELA Sciences (NASDAQ:MELA) rounds out the top five with a loss of 0.88%.
SmarTrend is bearish on shares of NUVA and our subscribers were alerted to Sell on May 06, 2010 at $39.90. The stock has fallen 14.7% since the alert was issued.

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