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Spectranetics Shares Up 23.4% Since SmarTrend's Buy Recommendation (SPNC)
Mar 18, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Spectranetics (NASDAQ:SPNC) on January 2nd, 2013 at $14.86. In approximately 3 months, Spectranetics has returned 23.35% as of today's recent price of $18.33.
Over the past year, Spectranetics has traded in a range of $9.25 to $19.32 and is now at $18.33, 98% above that low. The 200-day and 50-day moving averages have moved 1.57% higher and 2.38% higher over the past week, respectively.
The Spectranetics Corporation develops, manufactures, markets, and distributes its technology for interventional cardiovascular therapy. The Company's CVX-300 excimer laser system is used in applications such as coronary angioplasty and the removal of pacemaker leads. Spectranetics is also developing other applica- tions in restenosis stents and peripheral vascular applications.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Spectranetics shares.Log in and add Spectranetics (SPNC) 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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