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CardioNet: The Winning Streak Continues (BEAT)

By Shiri Gupta

CardioNet (NASDAQ:BEAT) traded today at a new 52-week high of $18.28. So far today approximately 124,000 shares have been exchanged, as compared to an average 30-day volume of 192,000 shares.

CardioNet (NASDAQ:BEAT) is currently priced 2.1% above its average consensus analyst price target of $17.67. The stock should find initial support at its 50-day moving average (MA) of $12.44 and further support at its 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.

In the past 52 weeks, shares of CardioNet have traded between a low of $7.86 and a high of $18.28 and are now at $18.04, which is 130% 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.

SmarTrend is tracking the current trend status for CardioNet and will alert subscribers who have BEAT in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows cardionet

Ticker(s): BEAT