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Lithia Motors-A Looks to Continue to Trade Above its Annual-High Share Price Today

By Shiri Gupta

Lithia Motors-A (NYSE:LAD) traded today at a new 52-week high of $135.50. So far today approximately 56,000 shares have been exchanged, as compared to an average 30-day volume of 224,000 shares.

Lithia Motors, Inc. retails, finances, and services new and used vehicles. The Company also provides other related services and products, such as the sale of parts and accessories, extended service contracts, aftermarket automotive products, and collision repair services. Lithia operates throughout the United States.

Lithia Motors-A share prices have moved between a 52-week high of $135.50 and a 52-week low of $67.90 and are now trading 100% above that low price at $135.50 per share. The 200-day and 50-day moving averages have moved 0.71% higher and 0.46% higher over the past week, respectively.

Lithia Motors-A (NYSE:LAD) is currently priced 9.8% above its average consensus analyst price target of $122.22. The stock should find initial support at its 50-day moving average (MA) of $117.94 and further support at its 200-day MA of $94.91.

SmarTrend recommended that subscribers consider buying shares of Lithia Motors-A on January 2nd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.07. Since that recommendation, shares of Lithia Motors-A have risen 73.0%. We continue to monitor LAD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows lithia motors-a

Ticker(s): LAD