Shares of Cynosure Has Risen Above Previous 52-Week High
Shares of Cynosure (NASDAQ:CYNO) traded at a new 52-week high today of $50.75. This new high was reached on above average trading volume as 449,000 shares traded hands, while the average 30-day volume is approximately 250,000 shares.
Based on a current price of $47.69, Cynosure is currently 4.3% above its average consensus analyst price target of $45.62. Cynosure shares have support at the 50-day moving average (MA) of $42.02 and additional support at the 200-day MA of $38.25.
Cynosure share prices have moved between a 52-week high of $50.75 and a 52-week low of $29.00 and are now trading 64% above that low price at $47.69 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.3%.
Cynosure Inc. develops and manufactures lasers for medical and aesthetic treatment applications, including leg veins, hair removal, scar revision, port-wine birthmarks, facial spider veins, stretch marks, tattoos, and pigmented lesions.
SmarTrend recommended that subscribers consider buying shares of Cynosure on March 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.81. Since that recommendation, shares of Cynosure have risen 5.6%. We continue to monitor CYNO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows cynosure