Should You Buy Retractable Technologies, Inc. (RVP) Stock After it Is Higher By 29.20% in a Week?

Retractable Technologies, Inc. (RVP) stock is higher by 29.20% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Retractable Technologies, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on RVP!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With RVP Stock Today?

Retractable Technologies, Inc. (RVP) stock is trading at $4.38 as of 10:00 AM on Tuesday, May 3, an increase of $0.53, or 13.77% from the previous closing price of $3.85. The stock has traded between $4.05 and $4.38 so far today. Volume today is less active than usual. So far 36,232 shares have traded compared to average volume of 175,960 shares.

More About Retractable Technologies, Inc.

Retractable Technologies Inc designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession. The company's products are the VanishPoint 0.5mL insulin syringe; 1mL tuberculin, insulin, and allergy antigen syringes; 0.5mL, 1mL, 2mL, 3mL, 5mL, and 10mL syringes; the small diameter tube adapter; the blood collection tube holder; the allergy tray; the IV safety catheter; the Patient Safe syringes; the Patient Safe Luer Cap; the VanishPoint Blood Collection Set; and the EasyPoint needle, as well as a standard 3mL syringe packaged with an EasyPoint needle. The company also sells VanishPoint autodisable syringes in the international market in addition to its other products. Click Here to get the full Stock Report for Retractable Technologies, Inc. stock.