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Inogen Inc: 52-Week High Recently Eclipsed (INGN)

By Nick Russo

Shares of Inogen Inc (NASDAQ:INGN) traded at a new 52-week high today of $189.76. This new high was reached on below average trading volume as 62,000 shares traded hands, while the average 30-day volume is approximately 189,000 shares.

Based on a current price of $187.76, Inogen Inc is currently 5.1% above its average consensus analyst price target of $178.25. The stock should find initial support at its 50-day moving average (MA) of $144.23 and further support at its 200-day MA of $118.52.

In the past 52 weeks, Inogen Inc share prices have been bracketed by a low of $44.26 and a high of $189.76 and are now at $187.76, 324% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.9% while the 50-day MA has advanced 4.3%.

Inogen Inc. develops and manufactures healthcare products. The Company offers oxygen concentrator, cart, carry bags, backpacks, external battery chargers, and universal power supply for obstructive pulmonary disease patients. Inogen distributes its products worldwide.

SmarTrend recommended that subscribers consider buying shares of Inogen Inc on January 29th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $125.48. Since that recommendation, shares of Inogen Inc have risen 49.6%. We continue to monitor INGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows inogen inc

Ticker(s): INGN