Summary
96% technical buy signals.
12 new highs and up 12.24% in the last month.
128.81% gain in the last year.
The Barchart Chart of the Day belongs to SurModics (SRDX). I found the medical products stocks by using Barchart to sort today's 5 Day Gainers list first by the highest Weighted Alpha, then by technical buy signals of 80% or more. Since the Trend Spotter signaled a buy in 5/2 the stock gained 60.08%.
SurModics, Inc. is a leading provider of surface modification technologies in the areas of biocompatibility, site-specific drug delivery, biological cell encapsulation, and medical diagnostics. SurModics partners with the world's foremost medical device, pharmaceutical, and life science companies to bring innovation together for better patient outcomes. Recent collaborative efforts include the implementation of SurModics' Bravo drug delivery polymer matrix as a key component of the first-to-market drug-eluting coronary stent. SurModics is also active in the ophthalmology market with a sustained drug delivery system that is currently in human trials for treatment of retinal disease. A significant portion of SurModics' revenue is generated by royalties earned from the sale of our customers' commercial products.
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