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VAR Makes Bearish Cross Below Critical Moving Average

By Market News Video Staff, Friday, June 3, 11:28 AM ET
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In trading on Friday, shares of Varian Medical Systems, Inc. (NYSE:VAR) crossed below their 200 day moving average of $65.82, changing hands as low as $65.34 per share. Varian Medical Systems, Inc. shares are currently trading off about 0.8% on the day. The chart below shows the one year performance of VAR shares, versus its 200 day moving average:

Varian Medical Systems, Inc. 200 Day Moving Average Chart

Looking at the chart above, VAR's low point in its 52 week range is $48.10 per share, with $72.19 as the 52 week high point — that compares with a last trade of $65.77.

According to the ETF Finder at ETF Channel, VAR makes up 3.47% of the iShares Dow Jones U.S. Medical Devices Index Fund ETF (AMEX:IHI) which is trading lower by about 0.8% on the day Friday.

     See what other ETFs contain VAR »
     See what other stocks are held by IHI »

VAR operates in the Medical Instruments & Supplies sector, among companies like Given Imaging Ltd. (NASDAQ:GIVN) which is down about 1.2% today, and Analogic Corp (NASDAQ:ALOG) trading lower by about 0.5%. Below is a three month price history chart comparing the stock performance of VAR, versus GIVN and ALOG.

VAR,GIVN,ALOG Relative Performance Chart


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This Article's Word Cloud:   ALOG   According   Below   Channel   ETFs   Friday   GIVN   Investment   Medical   Moving   Portfolio   Systems   Varian   about   above   allows   among   asset   average   below   bonds   chart   companies   completely   currently   designed   growth   hands   history   lower   moving   operates   other   performance   point   portfolio   price   range   raquo   share   shares   short   stocks   terms   trading   versus   week   what   which   with
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