Breakfast Technical Briefing on Medical Equipment Stocks -- Abbott Labs, Boston Scientific, Medtronic, and MiMedx

Wednesday, July 26, 2017 Medical Gadgets
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NEW YORK, July 26, 2017 /PRNewswire/ --

If you want a Stock Review on ABT, BSX, MDT, or MDXG then come over to http://dailystocktracker.com/register/

and sign up for your free customized report today. Medical Appliances and Equipment companies engage in the manufacture of medical instruments such as dental and surgical appliances. They also tend to offer below-average dividend yields when compared
to the wider market. Ahead of today's trading session, DailyStockTracker.com presents for evaluation these four stocks: Abbott Laboratories (NYSE: ABT), Boston Scientific Corp. (NYSE: BSX), Medtronic PLC (NYSE: MDT), and MiMedx Group Inc. (NASDAQ: MDXG). Daily Stock Tracker published free research reports on these stocks today at:

http://dailystocktracker.com/register/

Abbott Laboratories 

North Chicago, Illinois headquartered Abbott Laboratories' shares gained 0.06%, closing Tuesday's trading session at $50.83. The stock recorded a trading volume of 5.68 million shares. The Company's shares have advanced 3.57% in the last month, 16.16% over the previous three months, and 32.34% since the start of this year. The stock is trading 7.73% above its 50-day moving average and 17.69% above its 200-day moving average. Additionally, shares of Abbott Labs, which manufactures and sells health care products worldwide, have a Relative Strength Index (RSI) of 74.75.  

On June 29th, 2017, research firm Jefferies resumed its 'Buy' rating on the Company's stock.

On July 13th, 2017, Abbott Labs and Bigfoot Biomedical announced that they have entered into an agreement to develop and commercialize diabetes management systems, integrating the former's FreeStyle® Libre glucose sensing technology with Bigfoot's insulin delivery solutions in the US. This collaboration brings people living with diabetes a significant step closer to the ultimate goal of eliminating much of the daily burden of diabetes management. See our free and comprehensive research report on ABT at:

http://dailystocktracker.com/registration/?symbol=ABT

Boston Scientific 

On Tuesday, shares in Marlborough, Massachusetts headquartered Boston Scientific Corp. recorded a trading volume of 4.47 million shares. The stock declined 0.14%, ending the day at $27.58. The Company's shares have advanced 7.15% in the previous three months and 27.51% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.36% and 12.60%, respectively. Furthermore, shares of Boston Scientific, which develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide, have an RSI of 47.97.  

On June 28th, 2017, research firm Barclays reiterated its 'Overweight' rating on the Company's stock with an increase of the target price from $30 a share to $31 a share.

On July 05th, 2017, Boston Scientific announced that it will webcast its conference call discussing financial results and business highlights for Q2 ended June 30th, 2017 on July 27th, 2017, at 8:00 a.m. EDT. The Company will also issue a news release announcing Q2 2017 financial results on the same day prior to the conference call. A live webcast of the conference call will be available under the Investor Relations section of the Company's website. BSX free research report is just a click away at:

http://dailystocktracker.com/registration/?symbol=BSX

Medtronic 

Dublin, Ireland headquartered Medtronic PLC's stock finished the day 0.99% higher at $85.93. A total volume of 5.24 million shares was traded, which was above their three months average volume of 4.32 million shares. The Company's shares have advanced 5.10% in the previous three months and 20.64% on an YTD basis. The stock is trading above its 200-day moving average by 6.41%. Additionally, shares of Medtronic, which manufactures and sells device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide, have an RSI of 42.76.

On July 11th, 2017, Medtronic announced first enrollments in the STOP AF First clinical trial. The trial will evaluate the safety and effectiveness of performing pulmonary vein isolation with the Arctic Front AdvanceTM Cryoballoon in patients with symptomatic paroxysmal atrial fibrillation prior to treatment with antiarrhythmic medications. The first patient in the trial was recently enrolled at The Ohio State University Wexner Medical Center by Jaret Tyler, M.D. Sign up for your complimentary report on MDT at:

http://dailystocktracker.com/registration/?symbol=MDT

MiMedx 

Shares in Marietta, Georgia headquartered MiMedx Group Inc. ended yesterday's session 0.93% lower at $14.87. The stock recorded a trading volume of 450,518 shares. The Company's shares have surged 28.97% over the previous three months and 67.83% since the start of this year. The stock is trading 0.82% and 39.74% above its 50-day and 200-day moving averages, respectively. Moreover, shares of MiMedx, which develops, processes, and markets patent protected and proprietary regenerative biomaterial products and bioimplants processed from human placental tissue, skin, and bone, have an RSI of 50.03.  

On July 13th, 2017, MiMedx announced its revenue results for Q2 2017. The Company recorded record revenue of $76.4 million, a $19.1 million or 33% increase over Q2 2016 revenue of $57.3 million. Revenue for the six months ended June 30th, 2017 was $149 million, a $38.3 million, or 35% increase, over revenue for the six months ended June 30th, 2016 of $110.7 million.

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