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Hillenbrand Inc: New 52-Week Low Set Today (HI)

By Nick Russo

Hillenbrand Inc (NYSE:HI) traded today at a new 52-week low of $27.48. Approximately 67,000 shares have changed hands today, as compared to an average 30-day volume of 876,000 shares.

Hillenbrand, Inc. manufactures and sells premium business-to-business products and services. The Company designs, produces, markets, and services equipment and systems used in processing applications, as well as offers compounding and extruding equipment, bulk materials handling systems, and related engineering services.

In the past 52 weeks, Hillenbrand Inc share prices have been bracketed by a current low of $27.48 and a high of $53.41 and are now at $27.48. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.5%.

There is potential upside of 90.4% for shares of Hillenbrand Inc based on a current price of $27.48 and an average consensus analyst price target of $52.33. Hillenbrand Inc shares should first meet resistance at the 50-day moving average (MA) of $36.15 and find additional resistance at the 200-day MA of $40.70.

SmarTrend recommended that its subscribers protect gains by selling shares of Hillenbrand Inc on July 12th, 2019 by issuing a Downtrend alert when the shares were trading at $34.53. Since that call, shares of Hillenbrand Inc have fallen 18.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows hillenbrand inc

Ticker(s): HI