Bovie Medical Corporation (BVX) : Traders are bullish on Bovie Medical Corporation (BVX) as it has outperformed the S&P 500 by a wide margin of 33.29% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 23.26%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 23.46% in the last 1 week, and is up 32.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 20.88% and the 50-Day Moving Average is 45.32%.The 200 Day SMA reached 126.91%
Bovie Medical Corporation (NYSEMKT:BVX): After opening at $4.69, the stock dipped to an intraday low of $4.6655 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.4399 and the buying power remained strong till the end. The stock closed at $5.21 for the day, a gain of 11.09% for the day session. The total traded volume was 556,788. The stocks close on the previous trading day was $5.21.
Bovie Medical Corporation (Bovie) is an energy-based medical device company. The Company is engaged in developing, manufacturing, and marketing a range of electrosurgical products and technologies, as well as related medical products used in doctors offices, surgery centers and hospitals around the world. It is also engaged in the design, development and manufacturing of electrosurgical equipment by producing equipment for medical device manufacturers. It also develops J-Plasma, a plasma-based surgical product. The Company operates through three segments: Core, OEM and J-Plasma. The Companys medical devices are marketed through its own brands, including Bovie, Aaron, IDS and ICON) and on a private label basis to distributors throughout the world. The Company offers its products in three categories: electrosurgery, cauteries and other products. Its electrosurgery products include desiccators, generators, electrodes, electrosurgical pencils and various ancillary disposable products.