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Watch for Continued Gains in Shares of West Pharmaceut (WST)

By Shiri Gupta

West Pharmaceut (NYSE:WST) traded at a new 52-week high today of $123.46. So far today approximately 64,000 shares have been exchanged, as compared to an average 30-day volume of 285,000 shares.

Over the past year, West Pharmaceut has traded in a range of $82.74 to $123.46 and is now at $123.46, 49% above that low. The 200-day and 50-day moving averages have moved 0.52% higher and 1.76% higher over the past week, respectively.

West Pharmaceut (NYSE:WST) is currently priced 17.7% above its average consensus analyst price target of $101.67. West Pharmaceut shares have support at the 50-day moving average (MA) of $113.01 and additional support at the 200-day MA of $98.67.

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 recommended that subscribers consider buying shares of West Pharmaceut on May 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $90.30. Since that recommendation, shares of West Pharmaceut have risen 34.7%. We continue to monitor WST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows west pharmaceut

Ticker(s): WST