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Airgas: 52-Week High Recently Eclipsed (ARG)

By James Quinn

Airgas (NYSE:ARG) traded today at a new 52-week high of $140.35. This new high was reached on approximately average trading volume as 733,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.

In the past 52 weeks, shares of Airgas have traded between a low of $86.09 and a high of $140.35 and are now at $140.20, which is 63% above that low price. The 200-day and 50-day moving averages have moved 0.48% higher and 0.55% higher over the past week, respectively.

Airgas, Inc. distributes industrial, medical, and specialty gases and related equipment. The Company also produces and distributes liquid carbon dioxide and dry ice in the United States. Airgas' integrated distribution network consists of branch locations, distribution centers, and outbound telemarketing operations.

Airgas (NYSE:ARG) defies analysts with a current price ($140.20) 12.5% above its average consensus price target of $122.62. Airgas shares have support at the 50-day moving average (MA) of $138.20 and additional support at the 200-day MA of $109.70.

SmarTrend recommended that subscribers consider buying shares of Airgas on October 9th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.25. Since that recommendation, shares of Airgas have risen 50.4%. We continue to monitor ARG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows airgas

Ticker(s): ARG