• Return to Headlines

Shares of Inogen Inc Fall Below Previous 52-Week Low

By Shiri Gupta

Inogen Inc (NASDAQ:INGN) traded at a new 52-week low today of $59.84. This new low was reached on below average trading volume as 54,000 shares traded hands, while the average 30-day volume is approximately 437,000 shares.

Over the past year, Inogen Inchas traded in a range of $59.84 to $287.79 and are now at $59.84. The 200-day and 50-day moving averages have moved 2.31% lower and 2.6% lower over the past week, respectively.

Inogen, Inc., a medical technology company, primarily develops, manufactures, and markets portable oxygen concentrators for patients, physicians and other clinicians, and third-party payors in the United States and internationally.

Potential upside of 197.9% exists for Inogen Inc, based on a current level of $59.84 and analysts' average consensus price target of $178.25. The stock should run into initial resistance at its 50-day moving average (MA) of $67.66 and subsequent resistance at its 200-day MA of $118.94.

SmarTrend recommended that its subscribers protect gains by selling shares of Inogen Inc on May 8th, 2019 by issuing a Downtrend alert when the shares were trading at $67.87. Since that call, shares of Inogen Inc have fallen 11.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows inogen inc

Ticker(s): INGN