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Merit Medical Bullish Moving Average Crossover Alert (MMSI)

By Shiri Gupta

Today, shares of Merit Medical (NASDAQ:MMSI) have crossed bullishly above their 10-day moving average of $29.31 on a volume of 403K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Merit Medical share prices have moved between a 52-week high of $66.34 and a 52-week low of $26.62 and are now trading 12% above that low price at $29.76 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 6.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Merit Medical on July 15th, 2019 by issuing a Downtrend alert when the shares were trading at $56.85. Since that call, shares of Merit Medical have fallen 49.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses merit medical

Ticker(s): MMSI