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Masimo Corp: 52-Week High Recently Eclipsed (MASI)

By David Diaz

Shares of Masimo Corp (NASDAQ:MASI) traded at a new 52-week high today of $124.00. This new high was reached on below average trading volume as 300,000 shares traded hands, while the average 30-day volume is approximately 430,000 shares.

Masimo Corp (NASDAQ:MASI) defies analysts with a current price ($122.16) 15.3% above its average consensus price target of $103.50. Masimo Corp shares have support at the 50-day moving average (MA) of $108.81 and additional support at the 200-day MA of $95.16.

Masimo Corporation designs, develops, and licenses medical signal processing and sensor technology for the non-invasive monitoring of physiological parameters. The Company's products are designed to improve the effectiveness of pulse oximetry by overcoming the inability of current monitors to precisely measure the levels of arterial blood oxygen saturation and low arterial blood flow.

In the past 52 weeks, shares of Masimo Corp have traded between a low of $48.07 and a high of $124.00 and are now at $122.16, which is 154% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Masimo Corp on August 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $105.25. Since that recommendation, shares of Masimo Corp have risen 15.5%. We continue to monitor MASI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows masimo corp

Ticker(s): MASI