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Autonation Inc Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Autonation Inc (NYSE:AN) traded today at a new 52-week high of $50.11. Approximately 77,000 shares have changed hands today, as compared to an average 30-day volume of 675,000 shares.

Over the past year, Autonation Inc has traded in a range of $32.83 to $50.11 and is now at $50.11, 53% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.2%.

Autonation Inc (NYSE:AN) has potential upside of 12.2% based on a current price of $50.11 and analysts' consensus price target of $56.20. The stock should discover initial support at its 50-day moving average (MA) of $45.80 and subsequent support at its 200-day MA of $39.57.

AutoNation, Inc. retails, finances, and services new and used vehicles. The Company also provides other related services and products, such as the sale of parts and accessories, extended service contracts, aftermarket automotive products, and collision repair services. AutoNation operates throughout the United States.

SmarTrend recommended that subscribers consider buying shares of Autonation Inc on April 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.93. Since that recommendation, shares of Autonation Inc have risen 39.0%. We continue to monitor AN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows autonation inc

Ticker(s): AN