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ICU Medical Looks to Continue to Trade Above its Annual-High Share Price Today

By Shiri Gupta

Shares of ICU Medical (NASDAQ:ICUI) traded today at $148.68, breaking its 52-week high. So far today approximately 125,000 shares have been exchanged, as compared to an average 30-day volume of 127,000 shares.

ICU Medical (NASDAQ:ICUI) defies analysts with a current price ($145.98) 6.7% above its average consensus price target of $136.20. The stock should discover initial support at its 200-day moving average (MA) of $104.80 and subsequent support at its 50-day MA of $99.34.

In the past 52 weeks, ICU Medical share prices have been bracketed by a low of $35.58 and a high of $148.68 and are now at $145.98, 310% above that low price. The 200-day and 50-day moving averages have moved 0.08% higher and 0.86% higher over the past week, respectively.

ICU Medical, Inc. develops, manufactures, and sells disposable medical connection systems for use in intravenous (IV) therapy applications. The Company's products are designed to prevent accidental disconnection of IV lines and to protect healthcare workers and their patients from the spread of infectious disease such as Hepatitis B and Human Immunodeficiency Virus (HIV).

SmarTrend recommended that subscribers consider buying shares of ICU Medical on March 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $99.62. Since that recommendation, shares of ICU Medical have risen 45.2%. We continue to monitor ICUI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows icu medical

Ticker(s): ICUI