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Aerojet Rocketdy: 52-Week High Recently Eclipsed (AJRD)

By Amy Schwartz

Shares of Aerojet Rocketdy (NYSE:AJRD) traded at a new 52-week high today of $48.72. So far today approximately 310,000 shares have been exchanged, as compared to an average 30-day volume of 579,000 shares.

Aerojet Rocketdy (NYSE:AJRD) is currently priced 24.7% above its average consensus analyst price target of $36.67. The stock should find initial support at its 50-day moving average (MA) of $42.33 and further support at its 200-day MA of $37.18.

Over the past year, Aerojet Rocketdy has traded in a range of $27.69 to $48.72 and is now at $48.72, 76% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

Aerojet Rocketdyne Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, develops and manufactures propulsion systems for defense and space applications, as well as armaments for precision tactical and long-range weapon systems applications. Aerojet Rocketdyne Holdings also provides real estate services, including entitlement, sale, and leasing.

SmarTrend is monitoring the recent change of momentum in Aerojet Rocketdy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Aerojet Rocketdy in search of a potential trend change.

Keywords: 52 week high/lows aerojet rocketdy

Ticker(s): AJRD