Technical Reports on Medical Equipment Stocks -- Sunshine Heart, Globus Medical, Align Technology, and ZELTIQ Aesthetics

Friday, January 27, 2017 Medical Gadgets
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NEW YORK, January 27, 2017 /PRNewswire/ -- focuses its attention to four equities in the Medical

Appliances and Equipment space today: Sunshine Heart Inc. (NASDAQ: SSH), Globus Medical Inc. (NYSE: GMED), Align Technology Inc. (NASDAQ: ALGN), and ZELTIQ Aesthetics Inc. (NASDAQ: ZLTQ). These companies are part of the Healthcare sector which extended
its declines through trading on Thursday, January 26th, 2017, with the NYSE Health Care Index dropping to a 0.5% retreat in the afternoon, while shares of health care companies in the S&P 500 were down nearly 0.8% as a group. Download the free research reports on these stocks today:

Sunshine Heart

Eden Prairie, Minnesota headquartered Sunshine Heart Inc.'s stock finished Thursday's session 14.66% higher at $6.65 with a total trading volume of 873,096 shares. The Company's shares have advanced 1,446.51% in the past month, 2,038.26% over the previous three months, and 1,800.00% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 407.45% and 716.42%, respectively. Furthermore, shares of Sunshine Heart, which develops technologies for cardiac and coronary diseases, have a Relative Strength Index (RSI) of 71.48.

On January 12th, 2017, Sunshine announced a 1-for-30 reverse split of its common stock, effective at 5:00 pm ET the same day. At Sunshine's special meeting of stockholders on January 09th, 2017, the Company's stockholders authorized the Board of Directors to amend the Fourth Amended and Restated Certificate of Incorporation, as amended, of the Company to effect a reverse stock split at a ratio in the range of 1-for-20 to 1-for-60, as per the discretion of its board. See our free and comprehensive research report on SSH at:

Globus Medical

Shares in Audubon, Pennsylvania headquartered Globus Medical Inc. ended at $25.97, down 0.65% from the last trading session. The stock recorded a trading volume of 453,111 shares. The Company's shares have gained 5.78% in the last one month, 14.51% over the previous three months, and 4.68% since the start of this year. The stock is trading 8.74% above its 50-day moving average and 10.05% above its 200-day moving average. Moreover, 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 60.79.

On January 10th, 2017, Globus Medical for its preliminary unaudited sales results announced that it anticipates Q4 2016 sales of approximately $151.6 million, an increase of 6.3% as reported, or 6.6% in constant currency, over Q4 2015. The Company's Full year 2016 estimated sales are expected to be approximately $564.0 million, an increase of 3.5% as reported, or 3.8% in constant currency, over the prior year. GMED free research report PDF is just a click away at:

Align Technology

San Jose, California headquartered Align Technology Inc.'s stock ended yesterday's session 1.26% lower at $92.23 with a total trading volume of 594,581 shares. The Company's shares have advanced 5.41% in the previous three months. The stock is trading 5.21% above its 200-day moving average. Additionally, 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 for use in dentistry, orthodontics, and dental records storage in the US and internationally, have an RSI of 40.59.

On January 09th, 2017, Align announced that Lynn Pendergrass will join the Company on February 27th, 2017 in the newly created position of Vice President and Managing Director of the Americas region. Pendergrass brings over 20 years' experience running global organizations across a range of industries including consumer, technology, industrial, and pharmaceutical. Sign up for your complimentary report on ALGN at:

ZELTIQ Aesthetics

At the close on Thursday, shares in Pleasanton, California headquartered ZELTIQ Aesthetics Inc. recorded a trading volume of 438,075 shares. The stock finished 1.06% lower at $42.86. The Company's shares have gained 16.34% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 0.33% and 20.68%, respectively. Furthermore, shares of ZELTIQ Aesthetics, which engages in developing and commercializing non-invasive products for the selective reduction of fat, have an RSI of 52.89.

On January 04th, 2017, research firm Maxim Group reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $48 a share to $58 a share.

On January 26th, 2017, ZELTIQ announced that CoolSculpting® is FDA-cleared for upper arms, making it the only non-invasive fat removal technology cleared by the FDA to address this body area. The Company announced that it will be launching the CoolAdvantage Petite applicator for the CoolSculpting system in order to optimize the performance of CoolSculpting in the upper arms, with full commercial release targeted for the middle part of the year. Register for free on and download the latest research report on ZLTQ at:


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