Drew Industries: 52-Week High Recently Eclipsed (DW)
Shares of Drew Industries (NYSE:DW) traded at a new 52-week high today of $37.13. Approximately 123,000 shares have changed hands today, as compared to an average 30-day volume of 136,000 shares.
In the past 52 weeks, shares of Drew Industries have traded between a low of $24.59 and a high of $37.13 and are now at $36.86, which is 50% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.
Drew Industries Incorporated, through its subsidiaries, supplies a variety of components for manufactured homes and recreational vehicles. The Company's products include aluminum and vinyl windows and doors, as well as steel chassis and parts, axles, galvanized roofing, and refurbished axles and tires for manufactured homes and recreational vehicles.
Potential upside of 11.2% exists for Drew Industries, based on a current level of $36.86 and analysts' average consensus price target of $41.00. The stock should find initial support at its 50-day moving average (MA) of $32.50 and further support at its 200-day MA of $29.65.
SmarTrend is tracking the current trend status for Drew Industries and will alert subscribers who have DW in their portfolio or watchlist when shares have changed trend direction.
Keywords: 52 week high/lows drew industries