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

By Shiri Gupta

Merit Medical (NASDAQ:MMSI) traded at a new 52-week high today of $56.76. Approximately 147,000 shares have changed hands today, as compared to an average 30-day volume of 450,000 shares.

Merit Medical (NASDAQ:MMSI) is currently priced 7.0% above its average consensus analyst price target of $51.10. The stock should find initial support at its 50-day moving average (MA) of $51.83 and further support at its 200-day MA of $45.82.

In the past 52 weeks, Merit Medical share prices have been bracketed by a low of $18.22 and a high of $56.76 and are now at $54.95, 202% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

Merit Medical Systems, Inc. manufactures and markets products used in diagnostic and interventional cardiology and radiology procedures. The Company's primary products include inflation devices, guide wires, thrombolytic catheters and fluid dispensing systems, and angiography accessories, among others. Merit's products are sold worldwide.

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

Keywords: 52 week high/lows merit medical

Ticker(s): MMSI