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Watch for Continued Gains in Shares of Quidel Corp (QDEL)

By Nick Russo

Shares of Quidel Corp (NASDAQ:QDEL) traded today at $29.72, breaking its 52-week high. This new high was reached on approximately average trading volume as 134,000 shares traded hands, while the average 30-day volume is approximately 153,000 shares.

Quidel Corporation discovers, develops, manufactures, and markets diagnostic healthcare products and solutions. The Company offers diagnostic solutions which help in the detection and diagnosis of critical diseases and other medical conditions, including infectious, women health, gastrointestinal, autoimmune, and bone health and thyroid diseases.

Over the past year, Quidel Corp has traded in a range of $16.63 to $29.72 and is now at $29.01, 74% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.7%.

Based on a current price of $29.01, Quidel Corp is currently 15.2% above its average consensus analyst price target of $24.60. The stock should discover initial support at its 200-day moving average (MA) of $19.06 and subsequent support at its 50-day MA of $17.27.

SmarTrend recommended that subscribers consider buying shares of Quidel Corp on February 13th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.46. Since that recommendation, shares of Quidel Corp have risen 33.1%. We continue to monitor QDEL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows quidel corp

Ticker(s): QDEL