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CR Bard Looks to Continue to Trade Above its Annual-High Share Price Today

By Nick Russo

Shares of CR Bard (NYSE:BCR) traded at a new 52-week high today of $314.70. Approximately 93,000 shares have changed hands today, as compared to an average 30-day volume of 460,000 shares.

C. R. Bard, Inc. designs, manufactures, packages, distributes, and sells medical, surgical, diagnostic, and patient care devices. The Company sells a broad range of products worldwide to hospitals, individual healthcare professionals, extended care facilities and alternate site facilities. Bard markets vascular, urological, oncological, and surgical specialties products.

Based on a current price of $314.15, CR Bard is currently 20.7% above its average consensus analyst price target of $249.13. The stock should find initial support at its 50-day moving average (MA) of $202.16 and further support at its 200-day MA of $191.81.

CR Bard share prices have moved between a 52-week high of $314.70 and a 52-week low of $166.29 and are now trading 89% above that low price at $314.15 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of CR Bard on December 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $222.45. Since that recommendation, shares of CR Bard have risen 41.2%. We continue to monitor BCR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows cr bard

Ticker(s): BCR