Top Advisors Corner

A Big Base Breakout is Occurring in this Medical Equipment Stock!

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Hello fellow StockCharts users; is your portfolio in pain? Do you need rehab from these markets? Well, this big base breakout may be interesting to you. ZYNEX Inc (ZYXI) appeared on our US Big Base Breakout scan on March 3rd, 2020 and is breaking out from a 9-month base going back all the way to June. ZYNEX is above the 40-week moving average or the 200-day moving average. In addition, the SCTR has surged past 75 to 90+ and the performance relative to the SPY & XLV is making new relative highs. Fundamentally, according to MarketWatch, "Zynex, Inc. engages in the design, manufacture, and marketing of medical devices. It sells electrotherapy medical devices used for pain management and rehabilitation. The company also develops a new blood volume monitor for use in hospitals and surgery centers."

- Aleksandar Bozic

Aleksandar Bozic
About the author: is the founder of the Bozic Market Report. He previously worked at ValueTrend Wealth Management as a Technical Analyst Associate. He also founded the Ryerson Society of Technical Analysts and became the first student ambassador for the CMT Association. He now serves as Chapter Assistant for the Toronto wing of the CMT Association. Learn More
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