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Palomar Medical Technologies Has Returned 38.9% Since SmarTrend Recommendation (PMTI)
Mar 15, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Palomar Medical Technologies (NASDAQ:PMTI) on November 29th, 2012 at $8.68. In approximately 4 months, Palomar Medical Technologies has returned 38.94% as of today's recent price of $12.06.
Over the past year, Palomar Medical Technologies has traded in a range of $7.06 to $12.58 and is now at $12.06, 71% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 2.3%.
Palomar Medical Technologies, Inc. develops and supplies proprietary laser systems for hair removal and other cosmetic laser treatments. The Company's systems are installed in physician offices worldwide.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Palomar Medical Technologies shares.Log in and add Palomar Medical Technologies (PMTI) 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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