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PerkinElmer: The Winning Streak Continues (PKI)

By Nick Russo

Shares of PerkinElmer (NYSE:PKI) traded today at $66.05, breaking its 52-week high. So far today approximately 554,000 shares have been exchanged, as compared to an average 30-day volume of 516,000 shares.

PerkinElmer (NYSE:PKI) is currently priced 18.1% above its average consensus analyst price target of $53.64. The stock should discover initial support at its 50-day moving average (MA) of $49.51 and subsequent support at its 200-day MA of $49.45.

In the past 52 weeks, PerkinElmer share prices have been bracketed by a low of $39.50 and a high of $66.05 and are now at $65.50, 66% above that low price. The 200-day and 50-day moving averages have moved 0.05% lower and 0.60% higher over the past week, respectively.

PerkinElmer, Inc. provides technology, services and solutions to the diagnostics, academic research, environmental monitoring and safety and security markets. The Company's products include equipment used for genetic screening and drug discovery, optoelectronics, analytical instruments, image detection systems, and fluid containment products.

SmarTrend recommended that subscribers consider buying shares of PerkinElmer on December 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.81. Since that recommendation, shares of PerkinElmer have risen 18.1%. We continue to monitor PKI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows perkinelmer

Ticker(s): PKI