Shockwave Medical Inc (SWAV) Stock: What Does the Chart Say Wednesday?

The market has been high on Shockwave Medical Inc (SWAV) stock recently. SWAV gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Shockwave Medical Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SWAV!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With SWAV Stock Today?

Shockwave Medical Inc (SWAV) stock is trading at $321.46 as of 2:37 PM on Wednesday, Mar 27, an increase of $5.38, or 1.7% from the previous closing price of $316.07. The stock has traded between $318.34 and $329.09 so far today. Volume today is more active than usual. So far 1,082,817 shares have traded compared to average volume of 653,499 shares. To see InvestorsObserver's Sentiment Score for Shockwave Medical Inc click here.

More About Shockwave Medical Inc

ShockWave Medical Inc is a medical device company focused on developing and commercializing products intended to transform the way calcified cardiovascular disease is treated. Its intravascular lithotripsy technology is used in the treatment of calcified plaque. Geographically, the company generates its revenue from the United States, Europe and other countries. Click Here to get the full Stock Report for Shockwave Medical Inc stock.