Recent 52-Week High Exceeded in Shares of St Jude Medical (STJ)
Shares of St Jude Medical (NYSE:STJ) traded today at $83.33, breaking its 52-week high. This new high was reached on below average trading volume as 223,000 shares traded hands, while the average 30-day volume is approximately 4.3 million shares.
St Jude Medical (NYSE:STJ) defies analysts with a current price ($83.11) 11.1% above its average consensus price target of $73.85. St Jude Medical shares have support at the 200-day moving average (MA) of $62.17 and additional support at the 50-day MA of $58.64.
St Jude Medical share prices have moved between a 52-week high of $83.33 and a 52-week low of $48.83 and are now trading 70% above that low price at $83.11 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 3.1%.
St. Jude Medical, Inc. develops, manufactures, and distributes medical devices for the worldwide cardiovascular market. The Company serves patients and its health care customers with products and services including heart valves, cardiac rhythm management systems, specialty catheters, and other cardiovascular devices.
SmarTrend recommended that subscribers consider buying shares of St Jude Medical on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.18. Since that recommendation, shares of St Jude Medical have risen 51.7%. We continue to monitor STJ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows St Jude Medical