Technical Roundup on Medical Appliances and Equipment Stocks -- ZELTIQ Aesthetics, Align Technology, Nxstage Medical, and Nevro

01 Aug, 2016, 08:15 ET from Chelmsford Park SA

NEW YORK, August 1, 2016 /PRNewswire/ --

One of the U.S. Healthcare sector's biggest segments, the Medical Appliances and Equipment is expected to face challenges due to stiff competition and economic uncertainties. However, constant need and demand for medical instruments should continue to drive industry growth, and the segment is anticipated to grow at a CAGR rate of about 6% through 2017, according to Espicom's 2014 report. Stock-Callers.com looks closely at the following stocks today: ZELTIQ Aesthetics Inc. (NASDAQ: ZLTQ), Align Technology Inc. (NASDAQ: ALGN), Nxstage Medical Inc. (NASDAQ: NXTM), and Nevro Corp. (NYSE: NVRO). Sign up today and download for free the research reports for the stocks covered today at:

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ZELTIQ Aesthetics  

Pleasanton, California headquartered ZELTIQ Aesthetics Inc.'s stock rose 0.92%, finishing Friday's trading session at $33.95 with a total of 525,202 shares traded. The Company's shares have surged 25.09% in the last month, 13.55% over the previous three months, and 19.00% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 17.58% and 21.39%, respectively. Additionally, shares of ZELTIQ Aesthetics, which engages in developing and commercializing non-invasive products for the selective reduction of fat, have a Relative Strength Index (RSI) of 74.40.

On June 27th, 2016, ZELTIQ Aesthetics announced that following an initial pilot phase, it has initiated the global commercial launch of the CoolAdvantage™ applicator. The CoolAdvantage applicator, which features an adaptable 3-in-1 configuration and enhanced cup design, reduces treatment time by nearly 50% due to advances in the CoolSculpting® technology, which enable treatments to be safely performed at a lower temperature. ZLTQ complete research report is just a click away at:

http://stock-callers.com/registration/?symbol=ZLTQ

Align Technology  

Shares in San Jose, California headquartered Align Technology Inc. ended the session at $89.15, jumping 4.54%. The stock recorded a trading volume of 1.81 million shares, which was above its three months average volume of 694,690 shares. The Company's shares have gained 11.65% in the past month, 23.49% in the previous three months, and 35.38% since the start of this year. The stock is trading 10.66% above its 50-day moving average and 26.24% above its 200-day moving average. Moreover, shares of Align Technology, which designs, manufactures, and markets a system of clear aligner therapy, intra-oral scanners, and computer-aided design and computer-aided manufacturing services for use in dentistry, orthodontics, and dental records storage, have an RSI of 73.19.

On July 28th, 2016, Align Technology reported its financial results for Q2 ended June 30th, 2016. Clear Aligner case shipments in Q2'16 were 177,000, a 22.4% increase on y-o-y basis. The company stated that for Q2'16, revenues were $269.4 million, a 28.6% increase on y-o-y basis, and net profit was $50.1 million, or $0.62 per diluted share, up $0.23 per diluted share compared to the same period in the prior year.

On July 28th, 2016, research firm Stifel reiterated its 'Buy' rating on the Company's stock with an increase of the target price to $95 a share from $82 a share. The complimentary report on ALGN can be downloaded at:

http://stock-callers.com/registration/?symbol=ALGN

Nxstage Medical  

On Friday, shares in Lawrence, Massachusetts headquartered Nxstage Medical Inc. recorded a trading volume of 799,566 shares, which was above their three months average volume of 661,800 shares. The stock saw a slight drop of 0.67%, closing the day at $22.11. The Company's shares have gained 3.61% in the last one month, 37.16% over the previous three months, and 0.91% on an YTD basis. The stock is trading 7.28% above its 50-day moving average and 21.05% above its 200-day moving average. Additionally, shares of Nxstage Medical have an RSI of 56.03.

As per notes filed with the SEC on July 19th, 2016, the Board of Directors of NxStage Medical has elected Heyward R. Donigan to serve as a director on July 15th, 2016. Sign up for your complimentary report on NXTM at:

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Nevro  

At the close, shares in Redwood City, California headquartered Nevro Corp. recorded a trading volume of 565,451 shares, which was above their three months average volume of 514,330 shares. The stock ended the session at $82.70, climbing 1.29%. The Company's shares have gained 15.36% in the past month, 22.97% in the previous three months, and 22.50% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 11.70% and 32.43%, respectively. Furthermore, shares of Nevro have an RSI of 67.01.

On July 22nd, 2016, research firm Piper Jaffray initiated an 'Overweight' rating for the Company's stock.

On July 25th, 2016, Nevro announced that it will release its financial results for Q2 2016 after market close on August 8th, 2016. The company's management will host a conference call beginning at 1:30 p.m. Pacific Time on the same day. Download the research report for free on NVRO at:

http://stock-callers.com/registration/?symbol=NVRO

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