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Wright Medical G Set to Possibly Pullback After Yesterday's Rally of 5.59%

By Nick Russo

Wright Medical G (NASDAQ:WMGI) traded in a range yesterday that spanned from a low of $25.30 to a high of $26.43. Yesterday, the shares gained 5.6%, which took the trading range above the 3-day high of $25.40 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

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 $26.05, which is 64% 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%.

Keywords: rebounders wright medical g

Ticker(s): WMGI