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CardioNet: 52-Week High Recently Eclipsed (BEAT)

By Amy Schwartz

Shares of CardioNet (NASDAQ:BEAT) traded today at $19.13, breaking its 52-week high. Approximately 434,000 shares have changed hands today, as compared to an average 30-day volume of 192,000 shares.

In the past 52 weeks, CardioNet share prices have been bracketed by a low of $7.86 and a high of $19.13 and are now at $18.71, 138% above that low price. The 200-day and 50-day moving averages have moved 0.66% higher and 2.35% higher over the past week, respectively.

Based on a current price of $18.71, CardioNet is currently 5.6% above its average consensus analyst price target of $17.67. CardioNet shares have support at the 50-day moving average (MA) of $12.44 and additional support at the 200-day MA of $12.39.

CardioNet, Inc. provides ambulatory outpatient management solutions for monitoring clinical information regarding an individual's health. The Company's initial efforts are focused on the diagnosis and monitoring of cardiac arrhythmias, or heart rhythm disorders.

SmarTrend is monitoring the recent change of momentum in CardioNet. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of CardioNet in search of a potential trend change.

Keywords: 52 week high/lows cardionet

Ticker(s): BEAT