Thermo Fisher Scientific Inc (TMO) : Traders are bullish on Thermo Fisher Scientific Inc (TMO) as it has outperformed the S&P 500 by a wide margin of 2.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.31%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.24% in the last 1 week, and is up 6.44% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.83% and the 50-Day Moving Average is 4.79%. Thermo Fisher Scientific, Inc. is up 10.22% in the last 3-month period. Year-to-Date the stock performance stands at 12.21%.
Thermo Fisher Scientific Inc (NYSE:TMO): stock turned positive on Friday. Though the stock opened at $158.94, the bulls momentum made the stock top out at $159.99 level for the day. The stock recorded a low of $158.38 and closed the trading day at $158.84, in the green by 0.01%. The total traded volume for the day was 1,438,603. The stock had closed at $158.82 in the previous days trading.
Thermo Fisher Scientific Inc. is a provider of analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics. The company operates through four segments: Life Sciences Solutions, provides reagents, instruments and consumables used in biological and medical research, discovery and production of new drugs and vaccines as well as diagnosis of disease; Analytical Instruments, provides instruments, consumables, software and services that are used in the laboratory; Specialty Diagnostics, offers diagnostic test kits, reagents, culture media, instruments and associated products, and Laboratory Products and Services, offers self-manufactured and sourced products for the laboratory.