Shares of Bruker Under Pressure, Down 1.9%

Published on Wed, 07/08/2015 - 12:18
By Mallory Stone in Market movers, BRKR, bruker, market movers, nasdaq:brkr

One of today's stocks on the move is Bruker (NASDAQ:BRKR), down 1.7% to $20.30. The S&P is currently trading 1.4% lower to 2,053 and the Dow Jones Industrial Average is trading 1.2% lower to 17,563.

There is potential upside of 4.3% for shares of Bruker based on a current price of $20.30 and an average consensus analyst price target of $21.17. The stock should hit resistance at its 50-day moving average (MA) of $20.43, as well as support at its 200-day MA of $19.47.

Bruker share prices have moved between a 52-week high of $24.50 and a 52-week low of $17.26 and are now trading 18% above that low price at $20.30 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

Bruker Corporation designs, manufactures, and markets proprietary life science systems based on spectrometry technology platforms. The Company also sells a range of field analytical systems for substance detection and pathogen identification. Bruker develops life science and advanced materials research tools based on X-ray technology.

By Mallory Stone
mstone@fnno.com

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