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Shares of SPNC Up 18.3% Since Uptrend Call on Shares

By David Diaz

SmarTrend identified an Uptrend for Spectranetics (NASDAQ:SPNC) on July 7th, 2016 at $19.95. In approximately 3 months, Spectranetics has returned 18.33% as of today's recent price of $23.60.

Over the past year, Spectranetics has traded in a range of $10.65 to $27.68 and is now at $23.70, 123% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.9% while the 200-day MA has slid 1%.

The Spectranetics Corporation develops, manufactures, markets, and distributes its technology for interventional cardiovascular therapy. The Company's CVX-300 excimer laser system is used in applications such as coronary angioplasty and the removal of pacemaker leads. Spectranetics is also developing other applica- tions in restenosis stents and peripheral vascular applications.

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

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

Keywords: spotlights spectranetics

Ticker(s): SPNC