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Briggs & Strattn: New 52-Week Low Set Today (BGG)

By Nick Russo

Shares of Briggs & Strattn (NYSE:BGG) traded at a new 52-week low today of $8.50. This new low was reached on below average trading volume as 58,000 shares traded hands, while the average 30-day volume is approximately 352,000 shares.

Briggs & Strattn share prices have moved between a 52-week high of $21.40 and the current low of $8.50 and are currently at $8.50 per share. The 200-day and 50-day moving averages have moved 0.92% lower and 0.49% lower over the past week, respectively.

Potential upside of 152.9% exists for Briggs & Strattn, based on a current level of $8.50 and analysts' average consensus price target of $21.50. Briggs & Strattn shares should first meet resistance at the 50-day moving average (MA) of $9.66 and find additional resistance at the 200-day MA of $12.23.

Briggs & Stratton Corporation designs, manufactures, markets, and services air cooled gasoline engines for outdoor power equipment. The Company's engines are aluminum alloy gasoline engines ranging from three to 25 horsepower. Briggs & Stratton markets and services its products to original equipment manufacturers worldwide.

SmarTrend recommended that its subscribers protect gains by selling shares of Briggs & Strattn on January 24th, 2019 by issuing a Downtrend alert when the shares were trading at $11.80. Since that call, shares of Briggs & Strattn have fallen 26.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows briggs & strattn

Ticker(s): BGG