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Merit Medical Down 36.0% Since SmarTrend Downtrend Call (MMSI)

By Amy Schwartz

SmarTrend identified a Downtrend for Merit Medical (NASDAQ:MMSI) on July 15th, 2019 at $56.85. In approximately 1 month, Merit Medical has returned 35.97% as of today's recent price of $36.40.

In the past 52 weeks, Merit Medical share prices have been bracketed by a low of $36.23 and a high of $66.34 and are now at $36.44, 1% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.7%.

Merit Medical Systems, Inc. manufactures and markets products used in diagnostic and interventional cardiology and radiology procedures. The Company's primary products include inflation devices, guide wires, thrombolytic catheters and fluid dispensing systems, and angiography accessories, among others. Merit's products are sold worldwide.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Merit Medical.

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

Keywords: spotlights merit medical

Ticker(s): MMSI