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Insulet Corp Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Insulet Corp (NASDAQ:PODD) traded at a new 52-week high today of $101.31. Approximately 76,000 shares have changed hands today, as compared to an average 30-day volume of 449,000 shares.

Insulet Corp share prices have moved between a 52-week high of $101.31 and a 52-week low of $41.36 and are now trading 144% above that low price at $101.02 per share. The 200-day and 50-day moving averages have moved 0.83% higher and 0.87% higher over the past week, respectively.

Insulet Corporation is a medical device company that develops, manufactures and markets an insulin infusion system for people with insulin-dependent diabetes.

Insulet Corp (NASDAQ:PODD) is currently priced 6.9% above its average consensus analyst price target of $94.07. The stock should find initial support at its 50-day moving average (MA) of $88.55 and further support at its 200-day MA of $74.15.

SmarTrend recommended that subscribers consider buying shares of Insulet Corp on October 9th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.29. Since that recommendation, shares of Insulet Corp have risen 68.6%. We continue to monitor PODD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows insulet corp

Ticker(s): PODD