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CMED Makes Bearish Cross Below Critical Moving Average

By Market News Video Staff, Monday, April 25, 2:43 PM ET
Now Playing: Learn About The 200 DMA


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In trading on Monday, shares of China Medical Technologies Inc (CMED) crossed below their 200 day moving average of $11.91, changing hands as low as $11.85 per share. China Medical Technologies Inc shares are currently trading off about 3.2% on the day. The chart below shows the one year performance of CMED shares, versus its 200 day moving average:

China Medical Technologies Inc 200 Day Moving Average Chart

Looking at the chart above, CMED's low point in its 52 week range is $9.40 per share, with $14.45 as the 52 week high point — that compares with a last trade of $11.85.

CMED operates in the Medical Instruments & Supplies sector, among companies like Smith & Nephew Plc (NYSE:SNN) which is down about 0.5% today, and Boston Scientific Corp. (NYSE:BSX) trading higher by about 1.7%. Below is a three month price history chart comparing the stock performance of CMED, versus SNN and BSX.

CMED,SNN,BSX Relative Performance Chart


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This Article's Word Cloud:   Below   CMED   China   Investment   Medical   Moving   NYSE   Nephew   Portfolio   Scientific   Technologies   Their   about   above   allows   asset   average   below   bonds   chart   classes   companies   complete   completely   countries   currently   designed   down   growth   hands   higher   history   leads   mdash   moving   performance   point   portfolio   price   program   range   raquo   share   shares   short   terms   trading   versus   week   with
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