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AO Smith: 52-Week High Recently Eclipsed (AOS)

By Shiri Gupta

Shares of AO Smith (NYSE:AOS) traded today at $82.45, breaking its 52-week high. This new high was reached on below average trading volume as 140,000 shares traded hands, while the average 30-day volume is approximately 577,000 shares.

Over the past year, AO Smith has traded in a range of $50.09 to $82.45 and is now at $82.13, 64% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

AO Smith (NYSE:AOS) is currently priced 1.3% above its average consensus analyst price target of $81.09. The stock should discover initial support at its 50-day moving average (MA) of $76.03 and subsequent support at its 200-day MA of $72.30.

A.O. Smith Corporation manufactures products through its electric motor and water systems technologies segments. The Company's products include fractional horsepower and hermetic electric motors, and residential and commercial water heaters.

SmarTrend recommended that subscribers consider buying shares of AO Smith on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.28. Since that recommendation, shares of AO Smith have risen 16.3%. We continue to monitor AOS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ao smith

Ticker(s): AOS