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Stock Investors Sell Off Shares of ICU Medical, Down 1.1%

Published on Thu, 02/14/2013 - 11:29
By Adrienne Chilton

ICU Medical (NASDAQ:ICUI) is one of today's biggest movers, down 1.1% to $60.21. The S&P is currently trading fractionally higher to 1,521 and the Dow Jones Industrial Average is trading fractionally higher to 13,989.

ICU Medical (NASDAQ:ICUI) has potential upside of 15.0% based on a current price of $60.21 and analysts' consensus price target of $69.25. The stock should find resistance at its 50-day moving average (MA) of $61.33, as well as support at its 200-day MA of $57.15.

ICU Medical share prices have moved between a 52-week high of $64.25 and a 52-week low of $35.58 and are now trading 69% above that low price at $60.21 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.3%.

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).

By Adrienne Chilton