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Jabil Circuit: The Winning Streak Continues (JBL)

By James Quinn

Jabil Circuit (NYSE:JBL) traded today at a new 52-week high of $28.88. So far today approximately 385,000 shares have been exchanged, as compared to an average 30-day volume of 2.4 million shares.

Jabil Circuit, Inc. is an electronic manufacturing services provider for international electronics companies in the communications, personal computer, peripheral, consumer, and automotive markets. The Company offers circuit design, board design from schematic, prototype assembly, volume board assembly, system assembly, repair, and warranty services.

Jabil Circuit share prices have moved between a 52-week high of $28.88 and a 52-week low of $16.78 and are now trading 72% above that low price at $28.83 per share. The 200-day and 50-day moving averages have moved 0.26% lower and 1.48% lower over the past week, respectively.

Jabil Circuit (NYSE:JBL) is currently priced 14.3% above its average consensus analyst price target of $24.71. The stock should discover initial support at its 200-day moving average (MA) of $20.95 and subsequent support at its 50-day MA of $19.29.

SmarTrend recommended that subscribers consider buying shares of Jabil Circuit on December 16th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.42. Since that recommendation, shares of Jabil Circuit have risen 17.9%. We continue to monitor JBL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Jabil Circuit

Ticker(s): JBL