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Aptargroup Inc: The Winning Streak Continues (ATR)

By Nick Russo

Shares of Aptargroup Inc (NYSE:ATR) traded at a new 52-week high today of $111.67. So far today approximately 95,000 shares have been exchanged, as compared to an average 30-day volume of 222,000 shares.

Over the past year, Aptargroup Inc has traded in a range of $79.97 to $111.67 and is now at $110.47, 38% above that low. The 200-day and 50-day moving averages have moved 0.50% higher and 1.27% higher over the past week, respectively.

AptarGroup, Inc. designs, manufactures, and markets pumps, dispensing closures, and aerosol valves. The Company's products are used for fragrance and cosmetics, personal care, pharmaceutical, household and industrial, and food products. AptarGroup operates worldwide.

Based on a current price of $110.47, Aptargroup Inc is currently 16.7% above its average consensus analyst price target of $92.00. The stock should find initial support at its 50-day moving average (MA) of $101.44 and further support at its 200-day MA of $92.99.

SmarTrend recommended that subscribers consider buying shares of Aptargroup Inc on February 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $89.31. Since that recommendation, shares of Aptargroup Inc have risen 24.1%. We continue to monitor ATR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows aptargroup inc

Ticker(s): ATR