CARBO Ceramics: New 52-Week Low Set Today (CRR)
Shares of CARBO Ceramics (NYSE:CRR) traded at a new 52-week low today of $12.46. So far today approximately 136,000 shares have been exchanged, as compared to an average 30-day volume of 658,000 shares.
There is potential upside of 65.2% for shares of CARBO Ceramics based on a current price of $12.51 and an average consensus analyst price target of $20.67. The stock should find initial resistance at its 50-day moving average (MA) of $16.55 and further resistance at its 200-day MA of $19.83.
CARBO Ceramics Inc. produces and supplies ceramic proppants for use in the oil and gas industry. The Company also provides foundry metal casting, and industrial mineral grinding. Carbo has manufacturing plants located worldwide.
In the past 52 weeks, CARBO Ceramics share prices have been bracketed by a current low of $12.46 and a high of $47.04 and are now at $12.51. The 200-day and 50-day moving averages have moved 2.12% lower and 2.12% lower over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of CARBO Ceramics on March 16th, 2016 by issuing a Downtrend alert when the shares were trading at $18.55. Since that call, shares of CARBO Ceramics have fallen 30.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: 52 week high/lows carbo ceramics