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Recent 52-Week High Exceeded in Shares of Qiagen Nv (QGEN)

By Shiri Gupta

Shares of Qiagen Nv (NYSE:QGEN) traded today at $37.53, breaking its 52-week high. This new high was reached on approximately average trading volume as 1.1 million shares traded hands, while the average 30-day volume is approximately 883,000 shares.

QIAGEN N.V. is a global provider of Sample to Insight solutions to transform biological materials into valuable molecular insights. The Company provides its workflows to customers in Molecular Diagnostics (human healthcare), Applied Testing (forensics, veterinary testing and food safety), Pharma (pharmaceutical and biotechnology companies) and Academia (life sciences research).

Qiagen Nv (NYSE:QGEN) is currently priced 4.1% above its average consensus analyst price target of $35.87. The stock should discover initial support at its 50-day moving average (MA) of $34.31 and subsequent support at its 200-day MA of $33.07.

In the past 52 weeks, shares of Qiagen Nv have traded between a low of $20.71 and a high of $37.53 and are now at $37.40, which is 81% above that low price. The 200-day and 50-day moving averages have moved 0.24% higher and 0.87% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Qiagen Nv on May 3rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.87. Since that recommendation, shares of Qiagen Nv have risen 9.9%. We continue to monitor QGEN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows qiagen nv

Ticker(s): QGEN