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Shares of Dexcom Rank the Highest in Terms of Relative Performance in the Health Care Equipment Industry (DXCM , TNDM, ABMD , GKOS , WMGI )

By Shiri Gupta

We looked at the Health Care Equipment industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Dexcom (NASDAQ:DXCM ) ranks first with a gain of 4.26%; Tandem Diabetes (NASDAQ:TNDM) ranks second with a gain of 4.08%; and Abiomed Inc (NASDAQ:ABMD ) ranks third with a gain of 1.06%.

Glaukos Corp (NYSE:GKOS ) follows with a gain of 0.85% and Wright Medical G (NASDAQ:WMGI ) rounds out the top five with a gain of 0.60%.

SmarTrend recommended that subscribers consider buying shares of Tandem Diabetes on January 9th, 2020 as our technology indicated a new Uptrend was in progress when shares hit $63.86. Since that recommendation, shares of Tandem Diabetes have risen 34.7%. We continue to monitor Tandem Diabetes for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance dexcom tandem diabetes abiomed inc glaukos corp wright medical g