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Shares of CNMD Up 50.1% Since Uptrend Call on Shares

By Shiri Gupta

SmarTrend identified an Uptrend for Conmed Corp (NASDAQ:CNMD) on December 31st, 2018 at $63.09. In approximately 8 months, Conmed Corp has returned 50.12% as of today's recent price of $94.71.

Over the past year, Conmed Corp has traded in a range of $56.91 to $96.99 and is now at $94.71, 66% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.5%.

CONMED Corporation provides orthopedic products, specializing in arthroscopy and powered surgical instruments. The Company develops, manufactures, and supplies surgical instruments and systems used in a range of surgical procedures. CONMED's products include arthroscopic surgery devices and powered surgical instruments, electrosurgery systems, and ECG electrodes for heart monitoring.

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

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

Keywords: spotlights conmed corp

Ticker(s): CNMD