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Stock Trend Analysis Report

Prepared for you on Friday, September 29, 2023.

Globus Medical, Inc. Class A (NYSE:GMED)

Countertrend Down (-85) - GMED is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid GMED?

MarketClub looks at technical strength and momentum to determine if the timing is right for GMED.

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Open High Low GMED Price Change
50.580 50.790 50.020 50.095 -0.155
Entry Signal

MarketClub’s Trade Triangles for GMED

long term down The long-term trend has been DOWN since Sep 6th, 2023 at 52.81

intermediate term down The intermediate-term trend has been DOWN since Aug 3rd, 2023 at 57.78

short term up The short-term trend has been UP since Sep 28th, 2023 at 50.73

Smart Scan Analysis for GMED

Based on our trend formula, GMED is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for GMED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.580 50.790 50.020 50.095 -0.155
Prev. Close Volume Bid Ask Time
50.250 142516 2023-09-29 11:58:18
Year High57.83Year High Date2018-11-08
Year Low42.17Year Low Date2018-01-02
52wk High80.0452wk High Date2023-02-03
52wk Low48.8652wk Low Date2023-09-14
Year End Close10.49Average Volume2,816,051
Shares Outstanding100,461Short Interest5,643,039
% Institutional29Market Cap5,118M
P/E Ratio25.5076Beta-1.14000000
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