Sharp Rise Hints At CardioNet Stock Reversal

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A surge in trading of CardioNet stock on Tuesday could signify a positive trend reversal for the Malvern ECG monitoring and response service, according to a SmarTrend report.

The company’s share price ascended 6.7 percent to $7.65 after 490,000 shares changed hands during the day. That stands in stark contrast to past performance, where shares have sunk 23.2 percent from a $9.34 price on April 10.

SmarTrend analyst James Quinn said the stock monitoring service is “now looking for when a new uptrend will commence.”

Read more about the company’s stock market activity at SmarTrend here.

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