Globus Medical Finds Support At $26 Area Again

Globus Medical Inc GMED shares are trading lower by $1.10 at $26.49 in Thursday's session. The issue is under selling pressure after the company cautioned the Street about its Q4 and FY 2015 optimistic outlook.

The sharp selloff has found support in a familiar area. In today's session, the issue found support at $25.93 and has rebounded into the mid-$26 handle.

That low coincides with nine consecutive lows ranging from $25.95 to $26.25 from December 4-15.