Stock of the Day: A Reversal for Irhythm Technologies Inc Is Not Near. The Stock Reaches 52-Week High Today

Stock of the Day: A Reversal for Irhythm Technologies Inc Is Not Near. The Stock Reaches 52 Week High Today

The stock of Irhythm Technologies Inc (NASDAQ:IRTC) hit a new 52-week high and has $42.65 target or 41.00% above today’s $30.25 share price. The 5 months bullish chart indicates low risk for the $709.74M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $42.65 price target is reached, the company will be worth $290.99M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 67,528 shares traded hands. Irhythm Technologies Inc (NASDAQ:IRTC) has risen 6.00% since October 22, 2016 and is uptrending. It has outperformed by 2.14% the S&P500.

According to Zacks Investment Research, “iRhythm Technologies, Inc. is a digital healthcare company. It focuses on the provision of ambulatory electrocardiogram, monitoring for patients at risk for arrhythmias primarily in the United States. The company offers ZIO Service, a platform which provides wearable biosensor with cloud-based data analytics that distill data from heartbeats into clinically actionable information. iRhythm Technologies, Inc. is headquartered in San Francisco, California.”

More notable recent Irhythm Technologies Inc (NASDAQ:IRTC) news were published by: Marketwatch.com which released: “IRhythm started at overweight with $34 stock price target at JP Morgan” on May 19, 2011, also Wsj.com with their article: “IRhythm Technologies Shares Soar in IPO” published on October 20, 2016, Nasdaq.com published: “iRhythm Technologies, Inc. (IRTC), Interview with Kevin King, CEO” on November 10, 2016. More interesting news about Irhythm Technologies Inc (NASDAQ:IRTC) were released by: Globenewswire.com and their article: “iRhythm Technologies Announces New Study Suggests Extended Continuous Cardiac …” published on November 15, 2016 as well as Seekingalpha.com‘s news article titled: “IPO Preview: iRhythm Technologies” with publication date: October 18, 2016.

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