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Gibraltar Industries Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Shares of Gibraltar Industries (NASDAQ:ROCK) traded at a new 52-week high today of $34.70. So far today approximately 87,000 shares have been exchanged, as compared to an average 30-day volume of 176,000 shares.

Gibraltar Industries Inc is a manufacturer, processor, and distributor of metals and other engineered materials for the building products, vehicular, and other industrial markets. The Company serves customers in a variety of industries in North and South America, Europe, and Asia.

In the past 52 weeks, shares of Gibraltar Industries have traded between a low of $12.65 and a high of $34.70 and are now at $34.51, which is 173% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.

Gibraltar Industries (NASDAQ:ROCK) defies analysts with a current price ($34.51) 11.6% above its average consensus price target of $30.50. Gibraltar Industries shares have support at the 50-day moving average (MA) of $26.61 and additional support at the 200-day MA of $22.61.

SmarTrend recommended that subscribers consider buying shares of Gibraltar Industries on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.51. Since that recommendation, shares of Gibraltar Industries have risen 29.9%. We continue to monitor ROCK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows gibraltar industries

Ticker(s): ROCK