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Ch Robinson Looks to Continue to Trade Below its Annual-Low Share Price Today

By David Diaz

Shares of Ch Robinson (NASDAQ:CHRW) traded at a new 52-week low today of $74.12. So far today approximately 250,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

C.H. Robinson Worldwide, Inc. provides multimodal transportation services and logistics solutions. The Company operates a network of offices in North America, Europe, Asia, South America, and the Middle East. C.H. Robinson provides a variety of logistics services, such as fresh produce sourcing and freight consolidation.

Potential upside of 20.1% exists for Ch Robinson, based on a current level of $75.39 and analysts' average consensus price target of $90.56. The stock should find initial resistance at its 50-day moving average (MA) of $84.63 and further resistance at its 200-day MA of $85.31.

In the past 52 weeks, shares of Ch Robinson have traded between the current low of $74.12 and a high of $94.34 and are now at $75.39. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Ch Robinson and will alert subscribers who have CHRW in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows ch robinson

Ticker(s): CHRW