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Shares of ICU Medical Rise to a New 52-Week High

By Nick Russo

Shares of ICU Medical (NASDAQ:ICUI) traded today at $175.73, breaking its 52-week high. So far today approximately 170,000 shares have been exchanged, as compared to an average 30-day volume of 127,000 shares.

ICU Medical share prices have moved between a 52-week high of $175.73 and a 52-week low of $35.58 and are now trading 378% above that low price at $169.95 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

ICU Medical (NASDAQ:ICUI) is currently priced 9.8% above its average consensus analyst price target of $153.25. The stock should find initial support at its 200-day moving average (MA) of $104.80 and further support at its 50-day MA of $99.34.

ICU Medical, Inc. develops, manufactures, and sells disposable medical connection systems for use in intravenous (IV) therapy applications. The Company's products are designed to prevent accidental disconnection of IV lines and to protect healthcare workers and their patients from the spread of infectious disease such as Hepatitis B and Human Immunodeficiency Virus (HIV).

SmarTrend recommended that subscribers consider buying shares of ICU Medical on March 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $99.62. Since that recommendation, shares of ICU Medical have risen 62.9%. We continue to monitor ICUI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows icu medical

Ticker(s): ICUI