Shares of Hanger Orthopedic (NYSE:HGR) traded at a new 52-week high today of $29.78. So far today approximately 89,000 shares have been exchanged, as compared to an average 30-day volume of 166,000 shares.
Over the past year, Hanger Orthopedic has traded in a range of $20.01 to $29.78 and is now at $29.78, 49% above that low. The 200-day and 50-day moving averages have moved 0.52% higher and 1.38% higher over the past week, respectively.
Hanger Orthopedic Group, Inc. is a professional practice management company focused on the orthotic and prosthetic (O&P) of the orthopedic rehabilitation industry. The Company acquires and operates O&P businesses throughout the United States, as well as manufactures O&P devices.
There is potential upside of 14.2% for shares of Hanger Orthopedic based on a current price of $29.78 and an average consensus analyst price target of $34.00. The stock should discover initial support at its 50-day moving average (MA) of $27.76 and subsequent support at its 200-day MA of $25.91.