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Adv Energy Inds: New 52-Week Low Set Today (AEIS)

By Shiri Gupta

Adv Energy Inds (NASDAQ:AEIS) traded at a new 52-week low today of $46.13. This new low was reached on below average trading volume as 61,000 shares traded hands, while the average 30-day volume is approximately 430,000 shares.

Advanced Energy Industries, Inc. provides engineered precision power conversion, measurement, and control solutions. The Company designs, manufactures, sells and supports power conversion products and solutions that transform power into various usable forms in a variety of applications ranging from manufacturing and industrial processes to instrumentation and measurement.

There is potential upside of 67.8% for shares of Adv Energy Inds based on a current price of $46.83 and an average consensus analyst price target of $78.60. Adv Energy Inds shares should first meet resistance at the 50-day moving average (MA) of $55.85 and find additional resistance at the 200-day MA of $62.91.

Adv Energy Inds share prices have moved between a 52-week high of $95.00 and the current low of $46.13 and are currently at $46.83 per share. The 200-day and 50-day moving averages have moved 0.55% lower and 1.39% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Adv Energy Inds on August 17th, 2018 by issuing a Downtrend alert when the shares were trading at $57.67. Since that call, shares of Adv Energy Inds have fallen 19.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows adv energy inds

Ticker(s): AEIS