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Shares of Edwards Life Has Risen Above Previous 52-Week High

By Amy Schwartz

Edwards Life (NYSE:EW) traded today at a new 52-week high of $241.82. So far today approximately 104,000 shares have been exchanged, as compared to an average 30-day volume of 1 million shares.

Edwards Life (NYSE:EW) is currently priced 38.6% above its average consensus analyst price target of $145.89. The stock should discover initial support at its 50-day moving average (MA) of $222.82 and subsequent support at its 200-day MA of $194.59.

Edwards Lifesciences Corporation designs, develops, manufactures, and markets products and services to treat late-stage cardiovascular disease. The Company's products include tissue replacement heart valves, heart valve repair products, hemodynamic monitoring devices, angioscopy equipment, oxygenators, and pharmaceuticals. Edwards supplies its products to customers located worldwide.

Edwards Life share prices have moved between a 52-week high of $241.82 and a 52-week low of $136.44 and are now trading 74% above that low price at $237.68 per share. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Edwards Life and will alert subscribers who have EW in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows edwards life

Ticker(s): EW