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

By James Quinn

Shares of Masimo Corp (NASDAQ:MASI) traded at a new 52-week high today of $155.53. Approximately 51,000 shares have changed hands today, as compared to an average 30-day volume of 351,000 shares.

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.

Based on a current price of $155.53, Masimo Corp is currently 33.5% above its average consensus analyst price target of $103.50. The stock should discover initial support at its 50-day moving average (MA) of $143.51 and subsequent support at its 200-day MA of $126.61.

In the past 52 weeks, Masimo Corp share prices have been bracketed by a low of $81.56 and a high of $155.53 and are now at $155.53, 91% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Masimo Corp on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $140.99. Since that recommendation, shares of Masimo Corp have risen 8.8%. 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