Masimo (NASDAQ:MASI) is one of today's notable stocks on the rise, up 1.4% to $22.40. The S&P is trading higher by 0.7% to 1,650 and the Dow is trading 0.8% higher to 15,302.
Over the past year, Masimo has traded in a range of $17.62 to $35.15 and is now at $22.40, 27% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
Masimo has overhead space with shares priced $22.40, or 6.9% below the average consensus analyst price target of $24.07. The stock should discover initial support at its 200-day moving average (MA) of $21.22 and subsequent support at its 50-day MA of $21.06.
Masimo Corporation designs, develops and licenses medical signal processing and sensor technology for the noninvasive monitoring of physiological parameters. The Company's first products are designed to improve the effectiveness of pulse oximetry by overcoming the inability of current monitors to precisely measure the levels of arterial blood oxygen saturation and low arterial blood flow.