A 52 Week High for QIAGEN, will it Hold?

Published on Friday, 31 August 2012 12:34 Written by TradersHuddle Wire

New York, August 31st (TradersHuddle.com) - Shares of QIAGEN N.V. (NASDAQ:QGEN) booked a new 52 week high today by trading above $18.07, traders are definitely monitoring QIAGEN's price action to see if this move attracts further buying into the stock.

QIAGEN N.V. (NASDAQ:QGEN) provides sample and assay technologies. Its technologies are used to process biological samples and to analyze DNA and RNA. QIAGEN provides these technologies to customers conducting molecular diagnostics, applied testing, pharmaceutical R&D and academic research.

QIAGEN is currently trading 0.22% versus its previous trading session close, and it has calculated support and resistance at $16.89 and $18.07 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading higher by 0.37% from its previous trading close, which means that QIAGEN stock is underperforming the overall market.