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ABIOMED Has Returned 33.3% Since SmarTrend Recommendation (ABMD)
Jan 01, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for ABIOMED (NASDAQ:ABMD) on October 9th, 2012 at $20.15. In approximately 3 months, ABIOMED has returned 33.28% as of today's recent price of $13.44.
Over the past year, ABIOMED has traded in a range of $11.80 to $26.17 and is now at $13.44, 14% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 3.5%.
Abiomed, Inc. provides medical devices in circulatory support and continuum of care in heart recovery to acute heart failure patients. Its products consist of Impella 2.5 catheter, a percutaneous micro heart pump with integrated motor and sensors for use in interventional cardiology; and Impella 5.0 catheter and Impella LD, which are percutaneous micro heart pumps with integrated motors and sensors for use primarily in the heart surgery suite. The company also manufactures and sells the AB5000 circulatory support system and the BVS 5000 biventricular support system for temporary support of acute heart failure patients in profound shock, including patients suffering from cardiogenic shock after a heart attack, post-cardiotomy cardiogenic shock, or myocarditis. It sells its products through direct sales and clinical support personnel in the United States, Canada, Germany, France, the United Kingdom, and internationally. The company was founded in 1981 and is based in Danvers, Massachusetts.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of ABIOMED.
Log in and add ABIOMED (ABMD) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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