Alphatec (ATEC) Continues To Move Higher: How to Trade Now?

In recent days, the Alphatec Holdings Inc (NASDAQ: ATEC) stock has emerged as one of the notable gainers and it continued to move higher last week. The company, which is involved in providing innovative solutions for improving the methods of spinal surgery, made a major announcement last week.

That could also have had a major effect on the recent momentum that has been enjoyed by the Alphatec stock. On March 15, Alphatec launched a new product named the InVictus® Occipital-Cervical-Thoracic (OCT) Spinal Fixation System.

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The product in question is meant for extending the effects of InVictus Posterior Fixation Platform to the entirety of the spine. It seems that the announcement of the launch of a new product has come as a significant boost in terms of investor confidence. However, it now remains to be seen if the momentum being enjoyed by the Alphatec stock is carried over on to this week or not. Investors could do well to keep an eye on the stock this week.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.