Thursday, June 28, 2018 12:09:27 PM
Varian Medical Systems, Inc. (NYSE:VAR) is a leading manufacturer of medical devices and software for treating cancer and other medical conditions. The stock topped out on January 26, 2018 at $130.29 a share. Since that high pivot the stock has traded lower in a very choppy fashion. At this time, VAR stock is trading below its daily chart 200-day moving average. This is indicating that there could be more downside in the near term. Traders and investors should now watch the $109.00 area for major support. This level is where the stock broke out of an eight month base. Often, stock will find major support and be defended at prior breakout levels.
Nicholas Santiago
InTheMoneyStocks
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