OSI Systems (NASDAQ:OSIS) shares have crossed bullishly above their 10-day moving average of $68.53 on a volume of 169K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of OSI Systems have traded between a low of $31.00 and a high of $81.23 and are now at $70.51, which is 127% above that low price. The 200-day and 50-day moving averages have moved 0.20% higher and 1.28% lower over the past week, respectively.
OSI Systems, Inc. produces medical monitoring and anesthesia systems, security and inspection systems, and lasers, optics, and optoelectronic components. The Company's products include blood pressure monitors, anesthesia machines and hemoglobin saturation monitors, systems for inspecting baggage, people, and vehicles, and lasers, lenses, prisms, and microelectronic components.
OSI Systems (NASDAQ:OSIS) has potential upside of 28.7% based on a current price of $70.51 and analysts' consensus price target of $90.75. The stock should find initial support at its 200-day moving average (MA) of $67.64 and further support at its 50-day MA of $65.42.
