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Shares of Cynosure Has Risen Above Previous 52-Week High

By David Diaz

Shares of Cynosure (NASDAQ:CYNO) traded today at $55.94, breaking its 52-week high. So far today approximately 251,000 shares have been exchanged, as compared to an average 30-day volume of 404,000 shares.

Based on a current price of $54.57, Cynosure is currently 16.4% above its average consensus analyst price target of $45.62. Cynosure shares have support at the 50-day moving average (MA) of $43.77 and additional support at the 200-day MA of $38.58.

Cynosure share prices have moved between a 52-week high of $55.94 and a 52-week low of $29.00 and are now trading 88% above that low price at $54.57 per share. The 200-day and 50-day moving averages have moved 0.37% higher and 1.72% higher over the past week, respectively.

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 July 6th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.69. Since that recommendation, shares of Cynosure have risen 4.7%. 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

Ticker(s): CYNO