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Shares of Nordson Have Risen Above Previous 52-Week High

Published on Tue, 01/22/2013 - 15:25
By Robert Cotter

Nordson (NASDAQ:NDSN) traded at a new 52-week high today of $66.82. This new high was reached on below average trading volume as 97,000 shares traded hands, while the average 30-day volume is approximately 263,000 shares.

Nordson (NASDAQ:NDSN) has potential upside of 2.0% based on a current price of $66.65 and analysts' consensus price target of $68.00. The stock should find initial support at its 50-day moving average (MA) of $62.50 and further support at its 200-day MA of $56.60.

In the past 52 weeks, shares of Nordson have traded between a low of $42.66 and a high of $66.82 and are now at $66.65, which is 56% above that low price. The 200-day and 50-day moving averages have moved 0.47% higher and 0.76% higher over the past week, respectively.

Nordson Corporation designs, manufactures, and markets systems that apply adhesives, sealants, and coatings to consumer and industrial products during manufacturing operations. The Company's products include customized electronic controls for the precise application and curing of materials to meet customers' requirements. Nordson operates around the world.

By Robert Cotter