Shares of Mindray Medical International (MR) moved higher throughout most of the day on Friday, gaining momentum in the afternoon. While the stock ended the day on a downtick, it still closed up $2.62 at $39.36.
With the more than 7% gain, the stock moved above a two-week trading range and crossed its 50-day and 200-day moving averages. MR ended the session at its best level since mid-June.
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