Trade-Ideas LLC identified

Wright Medical Group

(

WMGI

) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Wright Medical Group as such a stock due to the following factors:

  • WMGI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $23.1 million.
  • WMGI has traded 55,712 shares today.

TST Recommends

  • WMGI is down 3.3% today.
  • WMGI was up 6.5% yesterday.

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More details on WMGI:

Wright Medical Group N.V., a medical device company, designs, manufactures, markets, and sells orthopaedic products in the United States, France, and internationally.

The average volume for Wright Medical Group has been 191,600 shares per day over the past 30 days. Wright Medical Group has a market cap of $1.1 billion and is part of the health care sector and health services industry. The stock has a beta of 0.38 and a short float of 32.9% with 7.62 days to cover. Shares are down 21.9% year-to-date as of the close of trading on Friday.

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