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Radnet Inc: 52-Week High Recently Eclipsed (RDNT)

By Nick Russo

Shares of Radnet Inc (NASDAQ:RDNT) traded at a new 52-week high today of $13.40. Approximately 102,000 shares have changed hands today, as compared to an average 30-day volume of 173,000 shares.

Potential upside of 11.1% exists for Radnet Inc, based on a current level of $13.05 and analysts' average consensus price target of $14.50. Radnet Inc shares have support at the 200-day moving average (MA) of $5.92 and additional support at the 50-day MA of $5.29.

RadNet, Inc. owns and operates outpatient diagnostic imaging centers. The Company's centers are located throughout California.

Radnet Inc share prices have moved between a 52-week high of $13.40 and a 52-week low of $5.02 and are now trading 160% above that low price at $13.05 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 0.5%.

SmarTrend is monitoring the recent change of momentum in Radnet Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Radnet Inc in search of a potential trend change.

Keywords: 52 week high/lows radnet inc

Ticker(s): RDNT