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Resmed Inc Has Returned 19.4% Since SmarTrend Recommendation (RMD)

By Shiri Gupta

SmarTrend identified an Uptrend for Resmed Inc (NYSE:RMD) on May 3rd, 2019 at $112.57. In approximately 4 months, Resmed Inc has returned 19.39% as of today's recent price of $134.39.

Over the past year, Resmed Inc has traded in a range of $90.64 to $141.25 and is now at $134.39, 48% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.2%.

ResMed Inc. develops, manufactures, and markets medical equipment for the treatment of sleep disordered breathing. The Company sells diagnostic and treatment devices in various countries through its subsidiaries and independent distributors.

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

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

Keywords: spotlights resmed inc

Ticker(s): RMD