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Shares of Bruker Corp Rise Above Previous 52-Week High

By Shiri Gupta

Bruker Corp (NASDAQ:BRKR) traded at a new 52-week high today of $43.74. This new high was reached on below average trading volume as 467,000 shares traded hands, while the average 30-day volume is approximately 731,000 shares.

Bruker Corporation designs, manufactures, and markets proprietary life science systems based on spectrometry technology platforms. The Company also sells a range of field analytical systems for substance detection and pathogen identification. Bruker develops life science and advanced materials research tools based on X-ray technology.

Bruker Corp share prices have moved between a 52-week high of $43.74 and a 52-week low of $26.10 and are now trading 68% above that low price at $43.74 per share. The 200-day and 50-day moving averages have moved 0.57% higher and 0.20% higher over the past week, respectively.

Bruker Corp (NASDAQ:BRKR) defies analysts with a current price ($43.74) 20.8% above its average consensus price target of $34.64. The stock should discover initial support at its 50-day moving average (MA) of $38.42 and subsequent support at its 200-day MA of $34.30.

SmarTrend is monitoring the recent change of momentum in Bruker Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Bruker Corp in search of a potential trend change.

Keywords: 52 week high/lows bruker corp

Ticker(s): BRKR