Globus Medical Inc is a medical device company that specializes in the design, development, and commercialization of musculoskeletal solutions. They offer a wide range of products and technologies to address various orthopedic conditions and improve patient outcomes.

In recent weeks, the stock of Globus Medical Inc (GMED) has shown signs of strength as it gapped higher and rallied. This indicates a surge in buying interest and potential positive sentiment surrounding the stock. However, it is important to note that the longer-term trend for GMED is still trending lower.

Traders and investors should exercise caution when considering this stock. While the recent rally may present short-term trading opportunities, it is crucial to closely monitor the stock's price action and key technical levels. The longer-term downtrend suggests that the stock may face resistance and potential selling pressure at higher levels.

It is advisable to conduct thorough research, analyze other technical indicators, and consider the overall market conditions before making any investment decisions. Consulting with a financial advisor can provide valuable insights and guidance in navigating the stock's trend.