Masimo Corporation (MASI) is a medical technology company that develops and manufactures noninvasive patient monitoring devices. Their products are used in hospitals and healthcare facilities worldwide to measure vital signs, such as oxygen levels, pulse rate, and blood flow.
The technical analysis suggests that the stock of Masimo Corporation is currently retesting a key zone of support at the 200-day moving average and a key level of support. The 200-day moving average is a widely followed indicator that represents the average closing price of the stock over the past 200 trading days.
Investors should closely monitor the stock's price action and watch for potential bounce or breakdown from this support zone. It is important to consider other technical indicators and market conditions before making any investment decisions.
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