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TMCNet:  27.8% Return Seen to Date on SmarTrend SurModics Call (SRDX)

[February 20, 2013]

27.8% Return Seen to Date on SmarTrend SurModics Call (SRDX)

Feb 20, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for SurModics (NASDAQ:SRDX) on November 30th, 2012 at $19.75. In approximately 3 months, SurModics has returned 27.80% as of today's recent price of $25.24.
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In the past 52 weeks, SurModics share prices have been bracketed by a low of $13.53 and a high of $25.89 and are now at $25.24, 87% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

SurModics, Inc. provides surface modification solutions to the medical device industry. The Company's primary focus is the commercialization of its PhotoLink process through third-party licensing arrangements. SurModics's process is a light-activated coating technology that modifies medical device surfaces by creating chemical bonds between those surfaces and a variety of chemical agents.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of SurModics shares.Log in and add SurModics (SRDX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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