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29.0% Return Seen to Date on SmarTrend ResMed Call (RMD)
Jan 24, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for ResMed (NYSE:RMD) on August 3rd, 2012 at $35.25. In approximately 6 months, ResMed has returned 28.99% as of today's recent price of $45.47.
In the past 52 weeks, ResMed share prices have been bracketed by a low of $26.03 and a high of $45.62 and are now at $45.47, 75% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.4%.
ResMed Inc. develops, manufactures, and markets medical equipment for the treatment of sleep disordered breathing. The Company sells diagnostic and treatment devices in various countries through its subsidiaries and independent distributors.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of ResMed shares.Log in and add ResMed (RMD) 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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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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