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

By Shiri Gupta

Shares of Edwards Life (NYSE:EW) traded today at $141.31, breaking its 52-week high. This new high was reached on below average trading volume as 99,000 shares traded hands, while the average 30-day volume is approximately 1.9 million shares.

In the past 52 weeks, Edwards Life share prices have been bracketed by a low of $81.12 and a high of $141.31 and are now at $141.13, 74% above that low price. The 200-day and 50-day moving averages have moved 0.69% higher and 1.54% higher over the past week, respectively.

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.

Potential upside of 0.8% exists for Edwards Life, based on a current level of $141.13 and analysts' average consensus price target of $142.25. The stock should discover initial support at its 50-day moving average (MA) of $96.47 and subsequent support at its 200-day MA of $81.36.

SmarTrend recommended that subscribers consider buying shares of Edwards Life on November 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $111.35. Since that recommendation, shares of Edwards Life have risen 25.8%. We continue to monitor EW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows edwards life

Ticker(s): EW