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Aerojet Rocketdy: The Winning Streak Continues (AJRD)

By Amy Schwartz

Aerojet Rocketdy (NYSE:AJRD) traded at a new 52-week high today of $50.33. Approximately 67,000 shares have changed hands today, as compared to an average 30-day volume of 672,000 shares.

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.

Aerojet Rocketdy (NYSE:AJRD) is currently priced 27.1% above its average consensus analyst price target of $36.67. The stock should find initial support at its 50-day moving average (MA) of $43.43 and further support at its 200-day MA of $37.59.

Over the past year, Aerojet Rocketdy has traded in a range of $29.40 to $50.33 and is now at $50.33, 71% above that low. The 200-day and 50-day moving averages have moved 0.66% higher and 1.66% higher over the past week, respectively.

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