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Celadon Group: New 52-Week Low Set Today (CGI)

By Nick Russo

Celadon Group (NYSE:CGI) traded today at a new 52-week low of $5.30. So far today approximately 167,000 shares have been exchanged, as compared to an average 30-day volume of 329,000 shares.

Celadon Group share prices have moved between a 52-week high of $26.35 and the current low of $5.30 and are currently at $5.74 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.8% while the 50-day MA has advanced 0.6%.

Celadon Group, Inc., a trucking company, provides and arranges van flatbed truckload transport services from the United States and Canada to and from locations in Mexico. The Company also provides van truckload services within the United States and flatbed trucking services within the United States and to the Mexican border.

There is potential upside of 344.5% for shares of Celadon Group based on a current price of $5.74 and an average consensus analyst price target of $25.50. Celadon Group shares should first meet resistance at the 50-day moving average (MA) of $9.90 and find additional resistance at the 200-day MA of $13.15.

SmarTrend recommended that its subscribers protect gains by selling shares of Celadon Group on October 13th, 2016 by issuing a Downtrend alert when the shares were trading at $7.48. Since that call, shares of Celadon Group have fallen 17.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows celadon group

Ticker(s): CGI