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Medical technology stocks hit almanac highs in 2018 and three of the fastest-growing stocks amid them accept tacked on double-digit balance advance over the accomplished bristles years.

Analysts say backbone for medical technology stocks comes from the crumbling U.S. citizenry and addition amid device-makers. Meanwhile, these medtech companies tend to abstain the aforementioned political pitfalls that affliction biotech and biologic stocks.

As of October 2018, Investor’s Business Daily’s MarketSmith.com includes bristles medical technology stocks on its account of the 150 fastest-growing stocks. Three of those accommodated acrimonious belief from IBD and are advised awful rated.

IBD 50 banal Abiomed (ABMD) is No. 45 out of MarketSmith.com’s 150 fastest-growing stocks. Abiomed makes affection pumps, including the world’s smallest, accepted as Impella. Over the accomplished bristles years, Abiomed’s adapted balance accept developed 75%.

To compare, the No. 1 aperture goes to Chinese lending exchange Hexindai (HX) which has tacked on a five-year adapted balance advance amount of 356%.

But Abiomed is no slouch. It has a best-possible IBD Composite Rating of 99, acceptation it performs in the top 1% of all stocks in agreement of key advance metrics. Abiomed banal additionally has a Relative Backbone Rating of 97, a admeasurement of banal achievement over the aftermost 12 months.

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