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Thermo Fisher Scientific: The Winning Streak Continues (TMO)

By Amy Schwartz

Shares of Thermo Fisher Scientific (NYSE:TMO) traded today at $173.90, breaking its 52-week high. Approximately 157,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

Thermo Fisher Scientific (NYSE:TMO) has potential upside of 0.1% based on a current price of $173.73 and analysts' consensus price target of $173.88. 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.

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.

Thermo Fisher Scientific share prices have moved between a 52-week high of $173.90 and a 52-week low of $117.10 and are now trading 48% above that low price at $173.73 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Thermo Fisher Scientific on April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $158.77. Since that recommendation, shares of Thermo Fisher Scientific have risen 9.1%. We continue to monitor TMO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows thermo fisher scientific

Ticker(s): TMO