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

By James Quinn

Shares of Edwards Life (NYSE:EW) traded today at $179.46, breaking its 52-week high. This new high was reached on below average trading volume as 442,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.

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.

In the past 52 weeks, shares of Edwards Life have traded between a low of $123.00 and a high of $179.46 and are now at $179.46, which is 46% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.5%.

Edwards Life (NYSE:EW) is currently priced 18.7% above its average consensus analyst price target of $145.89. The stock should discover initial support at its 50-day moving average (MA) of $167.32 and subsequent support at its 200-day MA of $153.45.

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