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Shares of SPNC Up 34.2% Since Uptrend Call on Shares

By Amy Schwartz

SmarTrend identified an Uptrend for Spectranetics (:SPNC) on June 2nd, 2017 at $28.65. In approximately 11 months, Spectranetics has returned 34.21% as of today's recent price of $38.45.

Over the past year, Spectranetics has traded in a range of $16.83 to $38.55 and is now at $38.45, 128% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 2.9%.

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 applications 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 :spnc spectranetics

Ticker(s): SPNC