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Stock Investors Bid Up Shares of Masimo, Up 1.4%

Published on Wed, 01/09/2013 - 11:27
By Adrienne Chilton

Up 1.4% to $19.93, Masimo (NASDAQ:MASI), is one of today's notable movers. The Dow Jones Industrial Average is now trading 0.5% higher to 13,399 and the S&P is trading 0.4% higher to 1,462.

Masimo share prices have moved between a 52-week high of $35.15 and a 52-week low of $17.62 and are now trading 13% above that low price at $19.93 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.2%.

Masimo (NASDAQ:MASI) has potential upside of 30.0% based on a current price of $19.93 and analysts' consensus price target of $25.92. Masimo shares should first meet resistance at the 50-day moving average (MA) of $20.94 and find additional resistance at the 200-day MA of $21.77.

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.

By Adrienne Chilton
achilton@fnno.com