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Recent 52-Week High Exceeded in Shares of Danaher Corp (DHR)

By David Diaz

Danaher Corp (NYSE:DHR) traded today at a new 52-week high of $139.49. So far today approximately 178,000 shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.

Danaher Corp (NYSE:DHR) is currently priced 22.1% above its average consensus analyst price target of $108.67. The stock should find initial support at its 50-day moving average (MA) of $131.81 and further support at its 200-day MA of $114.50.

In the past 52 weeks, Danaher Corp share prices have been bracketed by a low of $94.59 and a high of $139.49 and are now at $139.49, 47% above that low price. The 200-day and 50-day moving averages have moved 0.67% higher and 0.44% higher over the past week, respectively.

Danaher Corporation designs, manufactures, and markets professional, medical, industrial and commercial products, and services in the sectors of test and measurement, environmental, life sciences, dental, and industrial technologies.

SmarTrend recommended that subscribers consider buying shares of Danaher Corp on December 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.21. Since that recommendation, shares of Danaher Corp have risen 36.4%. We continue to monitor DHR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Danaher Corp

Ticker(s): DHR