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Kansas City Sout: 52-Week High Recently Eclipsed (KSU)

By David Diaz

Kansas City Sout (NYSE:KSU) traded at a new 52-week high today of $133.35. Approximately 221,000 shares have changed hands today, as compared to an average 30-day volume of 740,000 shares.

Kansas City Southern, through its subsidiary, is the holding company for transportation segment subsidiaries and affiliates. The Company operates a railroad system that provides shippers with rail freight services in commercial and industrial markets of the United States and Mexico.

Based on a current price of $133.35, Kansas City Sout is currently 10.4% above its average consensus analyst price target of $119.53. The stock should discover initial support at its 50-day moving average (MA) of $122.00 and subsequent support at its 200-day MA of $113.59.

Over the past year, Kansas City Sout has traded in a range of $90.55 to $133.35 and is now at $133.35, 47% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Kansas City Sout on June 28th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $121.41. Since that recommendation, shares of Kansas City Sout have risen 9.6%. We continue to monitor KSU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows kansas city sout

Ticker(s): KSU