• Return to Headlines

Agco Corp Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Agco Corp (NYSE:AGCO) traded today at a new 52-week high of $76.17. So far today approximately 125,000 shares have been exchanged, as compared to an average 30-day volume of 574,000 shares.

AGCO Corporation manufactures and distributes agricultural equipment. The Company sells a wide range of agricultural equipment and related replacement parts, including tractors, combines, hay tools, sprayers, and forage equipment. AGCO serves customers worldwide.

Based on a current price of $76.17, Agco Corp is currently 6.9% above its average consensus analyst price target of $70.94. Agco Corp shares have support at the 50-day moving average (MA) of $70.74 and additional support at the 200-day MA of $63.40.

Over the past year, Agco Corp has traded in a range of $49.50 to $76.17 and is now at $76.17, 54% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Agco Corp on June 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.90. Since that recommendation, shares of Agco Corp have risen 6.9%. We continue to monitor AGCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows AGCO Corp

Ticker(s): AGCO