The Technical Take On Edwards Lifesciences

Loading...
Loading...

Edwards Lifesciences Corp EW shares are trading higher by $5.78 (7 percent) by $89.51 in Thursday's session. The catalyst for the rally is the announcement of raised guidance for FY 2017 from earnings of $2.88 per share to $3.30-$3.45.

The issue, which had put in a series of five lows over that last five sessions from the $81.12 to $82.41, has now distanced itself from that area.

Following a higher open, it retreated only $0.28 to $85.27 before continuing its move higher. So far, the ensuing rally has reached $91.34, but now is struggling to remain in the $90.00 handle. That high comes in just above a pair of from November 17 ($90.83) and November 18 ($90.99).

Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...