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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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