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Thermo Fisher Scientific Inc Breaks Above 200-Day Moving Average - Bullish for TMO

By Market News Video Staff, Thursday, May 24, 1:17 PM ET
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In trading on Thursday, shares of Thermo Fisher Scientific Inc (NYSE:TMO) crossed above their 200 day moving average of $52.04, changing hands as high as $52.27 per share. Thermo Fisher Scientific Inc shares are currently trading up about 2% on the day. The chart below shows the one year performance of TMO shares, versus its 200 day moving average:

Thermo Fisher Scientific Inc 200 Day Moving Average Chart

Looking at the chart above, TMO's low point in its 52 week range is $43.06 per share, with $65.86 as the 52 week high point — that compares with a last trade of $51.96.

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According to the ETF Finder at ETF Channel, TMO makes up 7.09% of the iShares Dow Jones U.S. Medical Devices Index Fund ETF (AMEX:IHI) which is trading up by about 0.9% on the day Thursday.

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