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New Utah sports partnership leaves Merit Medical Systems stock consolidating amid persistent bearish momentum
Merit Medical Systems (MMSI) stock is consolidating below major moving averages despite a new partnership with Real Salt Lake and Utah Royals FC. Technical indicators suggest persistent bearish momentum, with the price expected to trade between $67.00 and $71.00 this week. Investors are advised to monitor upcoming product developments as a potential catalyst for price movement, as there’s a low probability of a sustained price increase.