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Uptrend Call Working As Spectranetics Stock Rises 34.1% (SPNC)

By Nick Russo

SmarTrend identified an Uptrend for Spectranetics (NASDAQ:SPNC) on June 2nd, 2017 at $28.65. In approximately 2 month, Spectranetics has returned 34.12% as of today's recent price of $38.42.

Spectranetics share prices have moved between a 52-week high of $38.50 and a 52-week low of $16.83 and are now trading 128% above that low price at $38.42 per share. 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 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 spectranetics

Ticker(s): SPNC