Thermo Fisher Scientific Inc (TMO) : Traders are bullish on Thermo Fisher Scientific Inc (TMO) as it has outperformed the S&P 500 by a wide margin of 5.78% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.72%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.89% in the last 1 week, and is up 5.21% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.7% and the 50-Day Moving Average is 3.26%.The 200 Day SMA reached 9.89%
Thermo Fisher Scientific Inc (NYSE:TMO): After opening at $156.7, the stock dipped to an intraday low of $156.7 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $159.53 and the buying power remained strong till the end. The stock closed at $159.06 for the day, a gain of 1.92% for the day session. The total traded volume was 1,985,937. The stocks close on the previous trading day was $159.06.
Thermo Fisher Scientific Inc (TMO) stock is expected to deviate a maximum of $21.93 from the average target price of $164.5 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $180 and the most muted being $105.
Thermo Fisher Scientific Inc. is a provider of analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics. The company operates through four segments: Life Sciences Solutions, provides reagents, instruments and consumables used in biological and medical research, discovery and production of new drugs and vaccines as well as diagnosis of disease; Analytical Instruments, provides instruments, consumables, software and services that are used in the laboratory; Specialty Diagnostics, offers diagnostic test kits, reagents, culture media, instruments and associated products, and Laboratory Products and Services, offers self-manufactured and sourced products for the laboratory.