Varian Medical Systems (VAR) : Traders are bullish on Varian Medical Systems (VAR) as it has outperformed the S&P 500 by a wide margin of 10.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.92%, 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 8.85% in the last 1 week, and is up 14.7% 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 10.15% and the 50-Day Moving Average is 12.71%. Varian Medical Systems, Inc. is up 16.7% in the last 3-month period. Year-to-Date the stock performance stands at 17.25%.
Varian Medical Systems (NYSE:VAR): stock turned positive on Friday. Though the stock opened at $94.09, the bulls momentum made the stock top out at $95.06 level for the day. The stock recorded a low of $93.39 and closed the trading day at $94.74, in the green by 0.76%. The total traded volume for the day was 1,180,328. The stock had closed at $94.03 in the previous days trading.
Varian Medical Systems Inc. is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy. The Company is a supplier of X-ray imaging components for medical, scientific, and industrial applications and supplies X-ray imaging products for cargo screening and industrial inspection. The Company offers tools for fighting cancer, taking X-ray images and protecting ports and borders. The Companys products include linear accelerators, brachytherapy afterloaders, treatment simulation and verification equipment, accessories, information management, treatment planning and image processing software. The Companys customers include university research and community hospitals, private and governmental institutions, healthcare agencies, doctors offices and cancer care clinics.