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Recent 52-Week High Exceeded in Shares of Insulet Corp (PODD)

By James Quinn

Shares of Insulet Corp (NASDAQ:PODD) traded at a new 52-week high today of $116.95. This new high was reached on below average trading volume as 66,000 shares traded hands, while the average 30-day volume is approximately 614,000 shares.

Insulet Corp (NASDAQ:PODD) defies analysts with a current price ($116.95) 19.6% above its average consensus price target of $94.07. The stock should discover initial support at its 50-day moving average (MA) of $99.02 and subsequent support at its 200-day MA of $90.98.

In the past 52 weeks, shares of Insulet Corp have traded between a low of $70.80 and a high of $116.95 and are now at $116.95, which is 65% above that low price. The 200-day and 50-day moving averages have moved 0.32% higher and 1.09% higher over the past week, respectively.

Insulet Corporation is a medical device company that develops, manufactures and markets an insulin infusion system for people with insulin-dependent diabetes.

SmarTrend recommended that subscribers consider buying shares of Insulet Corp on May 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.09. Since that recommendation, shares of Insulet Corp have risen 24.5%. We continue to monitor PODD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows insulet corp

Ticker(s): PODD