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Kbr Inc: 52-Week High Recently Eclipsed (KBR)

By James Quinn

Shares of Kbr Inc (NYSE:KBR) traded at a new 52-week high today of $23.95. Approximately 125,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

KBR, Inc. is a global engineering, construction, and services company supporting the energy, petrochemicals, government services, and civil infrastructure sectors. The Company offers a wide range of services through two business segments, Energy and Chemicals (E&C) and Government and Infrastructure (G&I).

Kbr Inc (NYSE:KBR) defies analysts with a current price ($23.95) 20.1% above its average consensus price target of $19.14. The stock should find initial support at its 50-day moving average (MA) of $21.94 and further support at its 200-day MA of $19.56.

In the past 52 weeks, shares of Kbr Inc have traded between a low of $13.90 and a high of $23.95 and are now at $23.95, which is 72% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Kbr Inc on April 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.98. Since that recommendation, shares of Kbr Inc have risen 13.1%. We continue to monitor KBR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows KBR Inc

Ticker(s): KBR