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Generac Holdings Looks to Continue to Trade Above its Annual-High Share Price Today

By Shiri Gupta

Shares of Generac Holdings (NYSE:GNRC) traded at a new 52-week high today of $74.61. So far today approximately 86,000 shares have been exchanged, as compared to an average 30-day volume of 471,000 shares.

Generac Holdings, Inc. manufactures automatic, stationary standby, and portable generators. The Company's generators serve the residential, commercial, industrial, and telecommunications markets.

Over the past year, Generac Holdings has traded in a range of $45.43 to $74.61 and is now at $74.61, 64% above that low. The 200-day and 50-day moving averages have moved 0.96% higher and 2.27% higher over the past week, respectively.

Based on a current price of $74.61, Generac Holdings is currently 29.9% above its average consensus analyst price target of $52.33. The stock should find initial support at its 50-day moving average (MA) of $69.83 and further support at its 200-day MA of $57.65.

SmarTrend is monitoring the recent change of momentum in Generac Holdings. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Generac Holdings in search of a potential trend change.

Keywords: 52 week high/lows generac holdings

Ticker(s): GNRC