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Shares of Thermo Fisher Rise to a New 52-Week High

By Shiri Gupta

Thermo Fisher (NYSE:TMO) traded at a new 52-week high today of $184.49. Approximately 262,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

Thermo Fisher Scientific, Inc. manufactures scientific instruments, consumables, and chemicals. The Company offers analytical instruments, laboratory equipment, software, services, consumables, reagents, chemicals, and supplies to pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions, and government agencies.

In the past 52 weeks, shares of Thermo Fisher have traded between a low of $139.07 and a high of $184.49 and are now at $184.48, which is 33% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.85% higher over the past week, respectively.

Thermo Fisher (NYSE:TMO) has potential upside of 3.1% based on a current price of $184.48 and analysts' consensus price target of $190.20. The stock should find initial support at its 50-day moving average (MA) of $141.44 and further support at its 200-day MA of $134.04.

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

Keywords: 52 week high/lows Thermo Fisher

Ticker(s): TMO