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Shares of West Pharmaceut Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of West Pharmaceut (NYSE:WST) traded at a new 52-week high today of $131.00. This new high was reached on approximately average trading volume as 212,000 shares traded hands, while the average 30-day volume is approximately 258,000 shares.

In the past 52 weeks, West Pharmaceut share prices have been bracketed by a low of $91.75 and a high of $131.00 and are now at $131.00, 43% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

West Pharmaceut (NYSE:WST) defies analysts with a current price ($131.00) 22.4% above its average consensus price target of $101.67. The stock should discover initial support at its 50-day moving average (MA) of $120.53 and subsequent support at its 200-day MA of $111.13.

West Pharmaceutical Services, Inc. applies value-added services to the process of bringing new drug therapies and healthcare products to global markets. The Company's technologies include the design and manufacture of packaging components, research and development of drug delivery systems, and contract laboratory services and other services.

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

Keywords: 52 week high/lows west pharmaceut

Ticker(s): WST