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Shares of Baxter Intl Inc Rise Above Previous 52-Week High

By Amy Schwartz

Baxter Intl Inc (NYSE:BAX) traded at a new 52-week high today of $85.60. Approximately 913,000 shares have changed hands today, as compared to an average 30-day volume of 2.1 million shares.

Baxter Intl Inc (NYSE:BAX) defies analysts with a current price ($84.59) 10.4% above its average consensus price target of $75.77. The stock should find initial support at its 50-day moving average (MA) of $79.22 and further support at its 200-day MA of $73.29.

Baxter International Inc. develops, manufactures, and markets products and technologies related to hemophilia, immune disorders, infectious diseases, kidney disease, trauma and other chronic and acute medical conditions. The Company's products are used by hospitals, kidney dialysis centers, nursing homes, rehabilitation centers, doctors' offices, and research laboratories.

Baxter Intl Inc share prices have moved between a 52-week high of $85.60 and a 52-week low of $61.05 and are now trading 39% above that low price at $84.59 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Baxter Intl Inc on June 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.71. Since that recommendation, shares of Baxter Intl Inc have risen 8.0%. We continue to monitor BAX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows baxter intl inc

Ticker(s): BAX