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19.7% Return Seen to Date on SmarTrend Abaxis Call (ABAX)

By David Diaz

SmarTrend identified an Uptrend for Abaxis (NASDAQ:ABAX) on March 30th, 2016 at $44.30. In approximately 7 months, Abaxis has returned 19.73% as of today's recent price of $53.04.

Over the past year, Abaxis has traded in a range of $37.71 to $58.15 and is now at $53.04, 41% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.9%.

Abaxis, Inc. develops, manufactures, and markets portable blood analysis systems for use in any patient care setting. The Company's systems provide clinicians with rapid blood constituent measurements. Abaxis currently markets the VetScan for veterinary use and the Piccolo for human medical use. The Company's products are sold in the United States, as well as in Europe and Japan.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Abaxis shares.

Log in and add Abaxis (ABAX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights abaxis

Ticker(s): ABAX