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Watch for Wright Medical G to Potentially Pullback After Gaining 1.85% Yesterday

By Nick Russo

Wright Medical G (NASDAQ:WMGI) traded in a range yesterday that spanned from a low of $29.65 to a high of $30.00. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $29.59 on volume of 2.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Wright Medical G share prices have moved between a 52-week high of $31.53 and a 52-week low of $20.50 and are now trading 46% above that low price at $29.99 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.9%.

SmarTrend is tracking the current trend status for Wright Medical G and will alert subscribers who have WMGI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders wright medical g

Ticker(s): WMGI