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Parexel Intl: The Winning Streak Continues (PRXL)

By David Diaz

Parexel Intl (NASDAQ:PRXL) traded at a new 52-week high today of $87.86. Approximately 576,000 shares have changed hands today, as compared to an average 30-day volume of 446,000 shares.

There is potential upside of 0.4% for shares of Parexel Intl based on a current price of $87.79 and an average consensus analyst price target of $88.16. Parexel Intl shares have support at the 200-day moving average (MA) of $64.62 and additional support at the 50-day MA of $62.43.

PAREXEL International Corporation is a global biopharmaceutical services company, providing a range of contract research, consulting, medical communications, and technology solutions. The Company provides its services to the worldwide pharmaceutical, biotechnology, and medical device industries.

Parexel Intl share prices have moved between a 52-week high of $87.86 and a 52-week low of $51.16 and are now trading 72% above that low price at $87.79 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Parexel Intl on May 4th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.53. Since that recommendation, shares of Parexel Intl have risen 29.0%. We continue to monitor PRXL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows parexel intl

Ticker(s): PRXL