CONMED Corporation ($CNMD) is a leading medical technology company specializing in surgical devices and equipment.
Over the last few years, the stock's trend has been messy, with no clear direction. The 200-day moving average has been choppy, indicating a lack of a defined long-term trend.
In recent weeks, the stock printed multi-year lows versus the broader market.
This stock smells like trouble and we want to stay away for now.
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