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Watch for Continued Gains in Shares of Icu Medical (ICUI)

By Nick Russo

Icu Medical (NASDAQ:ICUI) traded today at a new 52-week high of $321.70. This new high was reached on approximately average trading volume as 112,000 shares traded hands, while the average 30-day volume is approximately 149,000 shares.

In the past 52 weeks, Icu Medical share prices have been bracketed by a low of $164.00 and a high of $321.70 and are now at $308.25, 88% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.2%.

Icu Medical (NASDAQ:ICUI) is currently priced 13.6% above its average consensus analyst price target of $266.33. Icu Medical shares have support at the 50-day moving average (MA) of $295.51 and additional support at the 200-day MA of $248.98.

ICU Medical, Inc. develops, manufactures, and sells disposable medical connection systems for use in intravenous (IV) therapy applications. The Company's products are designed to prevent accidental disconnection of IV lines and to protect healthcare workers and their patients from the spread of infectious disease such as Hepatitis B and Human Immunodeficiency Virus (HIV).

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

Keywords: 52 week high/lows icu medical

Ticker(s): ICUI