Varex Imaging Corporation (VREX)

Varex Imaging Corporation is trading at $18.47, up 0.05% on the session. The 50 day average sits at $11.59 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 90.7, which reads as overbought, and MACD is bullish crossover. Volume is below average.

The nearest support is around $10.86 with resistance near $18.63, so that band frames the current range. Average daily movement is roughly $0.68, or about 3.7% of the share price, which is what any stop placement has to allow for. The overall health score of 59 out of 100 combines a trend score of 75, momentum of 66 and a risk score of 24.

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. It operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers. This segment's products are used in a range of applications, including CT, mammography, oncology, cardiac, surgery, dental, and other diagnostic radiography uses. The Industrial segment designs, develops, manufactures, sells, and services Linatron X-ray linear accelerators, non-intrusive cargo inspection systems, X-ray tubes, digital detectors, high voltage connectors, and coolers for use in security and inspection applications, such as baggage screening at airports, cargo screening at ports and borders, and nondestructive testing, irradiation, and inspection in various applications. It sells its products through imaging system original equipment manufacturers, independent service companies, and distributors, as well as directly to end-users. The company has operations in North America, Latin America, Europe, the Middle East, India, Africa, Asia, and Australia. The company was incorporated in 2016 and is headquartered in Salt Lake City, Utah.