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Jabil Inc Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Jabil Inc (NYSE:JBL) traded today at a new 52-week high of $32.77. Approximately 178,000 shares have changed hands today, as compared to an average 30-day volume of 954,000 shares.

In the past 52 weeks, Jabil Inc share prices have been bracketed by a low of $21.49 and a high of $32.77 and are now at $32.05, 49% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.3%.

There is potential upside of 0.5% for shares of Jabil Inc based on a current price of $32.05 and an average consensus analyst price target of $32.22. The stock should discover initial support at its 50-day moving average (MA) of $29.44 and subsequent support at its 200-day MA of $27.57.

Jabil Inc provides electronic manufacturing services. The Company offers digital prototyping, printed electronics, device integration, circuit designing, and volume board assembly services. Jabil serves automotive, consumer health, data centers, energy, and defense and aerospace sectors worldwide.

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

Keywords: 52 week high/lows jabil inc

Ticker(s): JBL