SmarTrend identified an Uptrend for SurModics (NASDAQ:SRDX) on November 30th, 2012 at $19.75. In approximately 1 month, SurModics has returned 21.98% as of today's recent price of $24.09.

In the past 52 weeks, shares of SurModics have traded between a low of $13.30 and a high of $24.28 and are now at $24.09, which is 81% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.7%.

SurModics, Inc. provides surface modification solutions to the medical device industry. The Company's primary focus is the commercialization of its PhotoLink process through third-party licensing arrangements. SurModics's process is a light-activated coating technology that modifies medical device surfaces by creating chemical bonds between those surfaces and a variety of chemical agents.

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

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