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Shares of MMSI Up 26.1% Since Uptrend Call on Shares

By James Quinn

SmarTrend identified an Uptrend for Merit Medical (NASDAQ:MMSI) on April 24th, 2017 at $29.88. In approximately 3 months, Merit Medical has returned 26.11% as of today's recent price of $37.67.

In the past 52 weeks, shares of Merit Medical have traded between a low of $18.22 and a high of $38.55 and are now at $37.67, which is 107% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.2%.

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 shifts in the trajectory of Merit Medical shares.

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