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

By James Quinn

Shares of QIAGEN (NASDAQ:QGEN) traded today at $33.44, breaking its 52-week high. Approximately 333,000 shares have changed hands today, as compared to an average 30-day volume of 854,000 shares.

QIAGEN N.V. provides technologies for separating and purifying DNA and RNA. The Company's portfolio consists of consumable products for nucleic acid separation, purification, and handling and nucleic acid amplification, as well as automated instrumentation and related services.

QIAGEN (NASDAQ:QGEN) defies analysts with a current price ($33.43) 8.6% above its average consensus price target of $30.54. QIAGEN shares have support at the 200-day moving average (MA) of $24.71 and additional support at the 50-day MA of $22.38.

In the past 52 weeks, shares of QIAGEN have traded between a low of $19.94 and a high of $33.44 and are now at $33.43, which is 68% above that low price. The 200-day and 50-day moving averages have moved 0.42% lower and 0.18% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of QIAGEN on December 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.54. Since that recommendation, shares of QIAGEN have risen 15.6%. 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

Ticker(s): QGEN