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Watch for Continued Gains in Shares of Insulet Corp (PODD)

By James Quinn

Shares of Insulet Corp (NASDAQ:PODD) traded at a new 52-week high today of $85.44. So far today approximately 83,000 shares have been exchanged, as compared to an average 30-day volume of 587,000 shares.

Insulet Corp (NASDAQ:PODD) has potential upside of 0.3% based on a current price of $84.92 and analysts' consensus price target of $85.21. The stock should find initial support at its 50-day moving average (MA) of $32.38 and further support at its 200-day MA of $32.07.

Insulet Corporation is a medical device company that develops, manufactures and markets an insulin infusion system for people with insulin-dependent diabetes.

In the past 52 weeks, shares of Insulet Corp have traded between a low of $27.62 and a high of $85.44 and are now at $84.92, which is 207% above that low price. The 200-day and 50-day moving averages have moved 0.05% lower and 0.64% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Insulet Corp on October 9th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.29. Since that recommendation, shares of Insulet Corp have risen 42.9%. We continue to monitor PODD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows insulet corp

Ticker(s): PODD