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Shockwave Medical Has Not Yet Made a Top Formation

·2 min read
Shockwave Medical Has Not Yet Made a Top Formation
In this article:
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  • SWAV

In the daily bar chart of SWAV, below, we can see that the shares have rallied three-fold in just the past 12 months. The On-Balance-Volume (OBV) line has moved in a positive direction as traders have been more aggressive buyers than sellers. In the weekly Japanese candlestick chart of SWAV, below, we see a positive picture with prices in a long uptrend above the rising 40-week moving average line.