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Kar Auction Serv: 52-Week High Recently Eclipsed (KAR)

By Shiri Gupta

Shares of Kar Auction Serv (NYSE:KAR) traded at a new 52-week high today of $59.09. So far today approximately 67,000 shares have been exchanged, as compared to an average 30-day volume of 910,000 shares.

Kar Auction Serv has overhead space with shares priced $58.76, or 3.8% below the average consensus analyst price target of $61.05. Kar Auction Serv shares have support at the 50-day moving average (MA) of $54.38 and additional support at the 200-day MA of $52.05.

In the past 52 weeks, Kar Auction Serv share prices have been bracketed by a low of $40.27 and a high of $59.09 and are now at $58.76, 46% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.4%.

KAR Auction Services, Inc. provides wholesale vehicle auction services in North America. The Company facilitates a marketplace providing auction services for sellers of used and salvage vehicles through physical auction locations and multiple proprietary Internet websites.

SmarTrend is tracking the current trend status for Kar Auction Serv and will alert subscribers who have KAR in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows kar auction serv

Ticker(s): KAR