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Merit Medical Systems, Inc. (MMSI) - Buy, Sell or Hold?

Sector: Health Care   Sub-Sector: Medical/Dental Instruments
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017Hanging ManDojiMon, 27 Nov 2017-0.34%
***Stock database and scans are updated around midnight (New York time) every trading day.
44.05 0.00 (0%) Nov 28 4:00pm EST
Open: 44.50 Range: 43.30 - 44.50 Vol: 450.68K Avg Vol: 376.82K
EPS: 0.70 P/E ratio: 54.20 EBITDA: 101.84M Mkt Cap: 1.91B
Analyze "MMSI" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 43.94
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 39.64
Last Trade is above the 50 day moving average at 41.09
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 36.53
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MMSI

Stock Trend Analysis - Buy, Sell or Hold "Merit Medical Systems, Inc." (MMSI)?

MMSI is in a very strong uptrend. In the last 52 weeks, MMSI has been trading above the 200 day moving average for 100% of the time with an average daily volume of 376.8K shares being traded. In the medium term, the 50 day moving average, currently at 41.09 for MMSI is also very bullish, indicating good swing trading opportunities for longs. The 20 day moving average is however indicating a predominance of range bound trading with a slight bearish bias, which may indicate beginnings of a topping formation. It is unsurprising to have some profit taking set in at this stage as MMSI's performance has been very strong thus far. Good places to consider buying into MMSI are at the 50 and 200 SMAs currently at 41.09 and 36.53 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MMSI".

The analyst consensus estimates for the 1 year price target for this stock is $47.06* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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