Morning Technical Review on Medical Appliances and Equipment Stocks
LONDON, UK / ACCESSWIRE / May 26, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include Boston Scientific, Abbott, Medtronic, and Hologic.
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The Medical Appliances and Equipment industry continues to impress with several companies. This morning, let us see how the current market conditions are affecting some of the big names in the industry. Sign up and register for your free technical alerts on these stocks by clicking on the following link:
Let us take a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.
Boston Scientific Corp. (NYSE: BSX)
On Wednesday, shares in global medical devices maker, Boston Scientific Corp., recorded a trading volume of 8.63 million shares. The stock ended the day at $22.39, which was a slight correction of 0.62%. The Company’s shares have gained 13.71% in the last one month, 29.27% over the previous three months, and 21.42% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 10.68% and 23.32%, respectively. Furthermore, shares of Boston Scientific have a Relative Strength Index (RSI) of 68.24. Back in April 28th, 2016, research firms Barclays, RBC Capital Markets, Stifel, and Wedbush reiterated their previous ratings on the Company’s stock, which were ‘Overweight’, ‘Outperform’, ‘Buy’ and ‘Neutral’, respectively.
Abbott Laboratories (NYSE: ABT)
International health care products manufacturer, Abbott Laboratories’ stock finished yesterday’s session 1.84% higher at $38.68. A total volume of 16.14 million shares was traded, which was above their three months average volume of 8.65 million shares. The Company’s shares are trading below their 50-day moving average by 4.81%. Furthermore, shares of Abbott have an RSI of 46.81.
Medtronic PLC (NYSE: MDT)
At the closing bell on Wednesday, shares in device-based medical therapies manufacturer, Medtronic PLC, gained 0.17%, ending the day at $81.08. The stock recorded a trading volume of 4.48 million shares. The Company’s shares have advanced 3.00% in the last one month, 4.93% in the previous three months, and 5.94% on an YTD basis. The stock is trading 4.00% above its 50-day moving average and 8.14% above its 200-day moving average. Moreover, shares of Medtronic have an RSI of 60.17.
Hologic Inc. (NASDAQ: HOLX)
Massachusetts-based Hologic Inc. is a developer, manufacturer, and supplier of women’s diagnostics products, medical imaging systems, and surgical products. The Company’s stock ended the day 0.48% higher at $33.61 and with a total volume of 3.53 million shares traded. The Company’s shares are trading 3.58% below their 50-day moving average. The stock has an RSI of 43.73. Back in April 28th, 2016, research firm Needham downgraded the Company’s stock rating from ‘Buy’ to ‘Hold’. Get free access to your trade alert on HOLX at:
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