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WuXi PharmaTech Cayman: 52-Week High Recently Eclipsed (WX)

By Amy Schwartz

WuXi PharmaTech Cayman (NYSE:WX) traded today at a new 52-week high of $44.85. This new high was reached on below average trading volume as 291,000 shares traded hands, while the average 30-day volume is approximately 562,000 shares.

WuXi PharmaTech Cayman share prices have moved between a 52-week high of $44.85 and a 52-week low of $29.84 and are now trading 47% above that low price at $43.87 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.2%.

WuXi PharmaTech Cayman Inc. provides pharmaceutical and biotechnology research and development outsourcing. The Company's services include discovery chemistry, service biology, analytical, pharmaceutical development, and manufacturing.

Based on a current price of $43.87, WuXi PharmaTech Cayman is currently 7.4% above its average consensus analyst price target of $40.64. The stock should find initial support at its 50-day moving average (MA) of $38.86 and further support at its 200-day MA of $36.44.

SmarTrend is tracking the current trend status for WuXi PharmaTech Cayman and will alert subscribers who have WX in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows wuxi pharmatech cayman

Ticker(s): WX