Medical Equipment Stock Performance Review -- Align Technology, Invacare, Globus Medical, and ResMed

Thursday, August 3, 2017 Medical Gadgets
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NEW YORK, August 3, 2017 /PRNewswire/ --

If you want a Stock Review on ALGN, IVC, GMED, or RMD then come over to

http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com has initiated research coverage on Align Technology Inc. (NASDAQ: ALGN), Invacare Corp. (NYSE: IVC), Globus Medical Inc. (NYSE: GMED),
and ResMed Inc. (NYSE: RMD). Medical Appliances and Equipment companies engage in the manufacture of medical instruments such as dental and surgical appliances. Most of the time, these companies are structured as corporations. These free stocks reports are currently available on DailyStockTracker.com. Simply sign up for your complimentary member access at:

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Align Technology 

San Jose, California headquartered Align Technology Inc.'s stock finished Wednesday's session 0.85% lower at $167.99 with a total trading volume of 725,790 shares. Over the last month and the previous three months, the Company's shares have advanced 12.72% and 27.29%, respectively. Additionally, the stock has surged 74.75% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 11.20% and 45.15%, respectively. Moreover, shares of Align Technology, which designs, manufactures, and markets a system of clear aligner therapy, intra-oral scanners, and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services, have a Relative Strength Index (RSI) of 63.66.

On July 10th, 2017, Align Technology unveiled a new company logo that unifies its product brands under one brand umbrella. The new logo is based on the Company's name, "Align" Technology, and complements the new Invisalign brand identity that was launched earlier this year. The bold new redesign represents a clean, fresh, sophisticated, and contemporary feel that elevates the Company brand to better represent the innovative spirit in which its products are conceived.

On July 28th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'. Your complete research report on ALGN can be retrieved for free at:

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

Invacare 

Shares in Elyria, Ohio headquartered Invacare Corp. declined 1.28%, ending yesterday's session at $15.45 with a total trading volume of 441,217 shares. The stock has gained 18.85% in the past month, 6.55% in the previous three months, and 18.39% on an YTD basis. The Company's shares are trading 14.50% above their 50-day moving average and 24.33% above their 200-day moving average. Moreover, shares of Invacare, which together with its subsidiaries, designs, manufactures, distributes, and exports medical equipment for use in home health care, retail, and extended care markets worldwide, have an RSI of 60.96.  

On July 25th, 2017, Invacare has received notice from the US Food and Drug Administration that it has successfully satisfied the agency's requirements under the consent decree to resume full operations at its Corporate and Taylor Street manufacturing facility in Elyria, Ohio. The Company is now able to produce and sell all products made in the Taylor Street facility without the previous restrictions under the consent decree, which has been in effect since December 21st, 2012. A free report on IVC is just a click away at:

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

Globus Medical 

On Wednesday, Audubon, Pennsylvania headquartered Globus Medical Inc.'s stock saw a slight drop of 0.94%, to close the day at $30.56. A total volume of 652,769 shares was traded, which was above their three months average volume of 505,780 shares. The Company's shares have advanced 23.18% on an YTD basis. The stock is trading 9.70% above its 200-day moving average. Additionally, shares of Globus Medical, which focuses on the design, development, and commercialization of musculoskeletal implants that promote healing in patients with spine disorders, have an RSI of 34.48. Sign up for your complimentary research report on GMED at:

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

ResMed 

Shares in San Diego, California headquartered ResMed Inc. ended the day 6.41% lower at $72.51. A total volume of 4.36 million shares was traded, which was above their three months average volume of 1.17 million shares. The stock has gained 5.16% in the previous three months and 16.86% since the start of this year. The Company's shares are trading above their 200-day moving average by 5.89%. Furthermore, shares of ResMed, which designs, manufactures, distributes, and markets medical devices and cloud-based software applications that diagnose, treat, and manage respiratory disorders comprising sleep disordered breathing, chronic obstructive pulmonary disease, neuromuscular disease, and other chronic diseases, have an RSI of 28.70.  

On August 01st, 2017, ResMed announced results for its quarter ended June 30th, 2017. Revenue for the Q4 FY17 was $556.7 million, gross margin was 58.2%, income from operations was $127.4 million, and net income was $101.6 million. GAAP diluted earnings per share (EPS) for the quarter was $0.71, and non-GAAP diluted EPS was $0.77.

On August 02nd, 2017, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'. Register for free on DailyStockTracker.com and download the latest research report on RMD at:

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

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