• Return to Headlines

Shares of Edwards Life Rise to a New 52-Week High

By Amy Schwartz

Shares of Edwards Life (NYSE:EW) traded today at $172.54, breaking its 52-week high. Approximately 322,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

Over the past year, Edwards Life has traded in a range of $100.20 to $172.54 and is now at $171.50, 71% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.6%.

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.

Based on a current price of $171.50, Edwards Life is currently 14.9% above its average consensus analyst price target of $145.89. The stock should discover initial support at its 50-day moving average (MA) of $145.64 and subsequent support at its 200-day MA of $137.03.

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

Keywords: 52 week high/lows edwards life

Ticker(s): EW