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Shares of Teleflex Rise to a New 52-Week High

By Shiri Gupta

Teleflex (NYSE:TFX) traded today at a new 52-week high of $175.98. This new high was reached on below average trading volume as 58,000 shares traded hands, while the average 30-day volume is approximately 373,000 shares.

Teleflex Incorporated is a diversified industrial firm that operates through its commercial, medical, and aerospace segments. The Company manufactures mechanical controls, electronic products, driver control systems, hospital supply and surgical devices, precision controls, and cargo systems. Teleflex's products are sold primarily to original equipment manufacturers.

Over the past year, Teleflex has traded in a range of $121.85 to $175.98 and is now at $175.82, 44% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.3%.

Teleflex (NYSE:TFX) is currently priced 17.5% above its average consensus analyst price target of $145.09. Teleflex shares have support at the 50-day moving average (MA) of $153.33 and additional support at the 200-day MA of $137.05.

SmarTrend recommended that subscribers consider buying shares of Teleflex on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $145.22. Since that recommendation, shares of Teleflex have risen 20.4%. We continue to monitor TFX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Teleflex

Ticker(s): TFX