Shares of Nordson (NASDAQ:NDSN) traded today at $72.18, breaking its 52-week high. Approximately 225,000 shares have changed hands today, as compared to an average 30-day volume of 302,000 shares.
Nordson (NASDAQ:NDSN) defies analysts with a current price ($71.72) 0.3% above its average consensus price target of $71.50. The stock should discover initial support at its 50-day moving average (MA) of $66.26 and subsequent support at its 200-day MA of $62.06.
Nordson Corporation designs, manufactures, and markets systems that apply adhesives, sealants, and coatings to consumer and industrial products during manufacturing operations. The Company's products include customized electronic controls for the precise application and curing of materials to meet customers' requirements. Nordson operates around the world.
Nordson share prices have moved between a 52-week high of $72.18 and a 52-week low of $47.82 and are now trading 50% above that low price at $71.72 per share. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has remained constant.