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Shares of ICU Medical Receive a Boost, Up 1.8%

Published on Tue, 02/05/2013 - 11:29
By Robert Cotter

One of today's stocks on the move is ICU Medical (NASDAQ:ICUI), up 1.8% to $61.35. The S&P is trading higher by 0.9% to 1,509 and the Dow is trading 0.8% higher to 13,996.

There is potential upside of 12.9% for shares of ICU Medical based on a current price of $61.35 and an average consensus analyst price target of $69.25. The stock should find initial support at its 50-day moving average (MA) of $61.01 and further support at its 200-day MA of $56.75.

ICU Medical, Inc. develops, manufactures, and sells disposable medical connection systems for use in intravenous (IV) therapy applications. The Company's products are designed to prevent accidental disconnection of IV lines and to protect healthcare workers and their patients from the spread of infectious disease such as Hepatitis B and Human Immunodeficiency Virus (HIV).

Over the past year, ICU Medical has traded in a range of $35.58 to $64.25 and is now at $61.35, 72% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

By Robert Cotter
rcotter@fnno.com