Cognex: The Winning Streak Continues (CGNX)
Shares of Cognex (NASDAQ:CGNX) traded at a new 52-week high today of $52.50. Approximately 928,000 shares have changed hands today, as compared to an average 30-day volume of 526,000 shares.
Cognex (NASDAQ:CGNX) is currently priced 19.2% above its average consensus analyst price target of $41.75. The stock should find initial support at its 50-day moving average (MA) of $38.44 and further support at its 200-day MA of $36.20.
Cognex share prices have moved between a 52-week high of $52.50 and a 52-week low of $28.01 and are now trading 85% above that low price at $51.70 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.5%.
Cognex Corporation designs, develops, manufactures, and markets machine vision systems. The Company's systems are used to automate the manufacture of a variety of discrete items and to assure their quality. Cognex has regional offices located throughout North America, Japan, Europe, and Southeast Asia.
SmarTrend is monitoring the recent change of momentum in Cognex. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cognex in search of a potential trend change.
Keywords: 52 week high/lows cognex