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Agco Corp: New 52-Week Low Set Today (AGCO)

By James Quinn

Agco Corp (NYSE:AGCO) traded today at a new 52-week low of $56.18. This new low was reached on below average trading volume as 74,000 shares traded hands, while the average 30-day volume is approximately 722,000 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.

Potential upside of 26.3% exists for Agco Corp, based on a current level of $56.18 and analysts' average consensus price target of $70.94. The stock should run into initial resistance at its 50-day moving average (MA) of $60.30 and subsequent resistance at its 200-day MA of $64.30.

In the past 52 weeks, Agco Corp share prices have been bracketed by a current low of $56.18 and a high of $75.95 and are now at $56.18. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.5%.

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

Keywords: 52 week high/lows AGCO Corp

Ticker(s): AGCO