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Minerals Technologies: The Winning Streak Continues (MTX)

By Shiri Gupta

Shares of Minerals Technologies (NYSE:MTX) traded today at $69.42, breaking its 52-week high. Approximately 74,000 shares have changed hands today, as compared to an average 30-day volume of 241,000 shares.

Minerals Technologies Inc. is a resource- and technology-based organization that develops and produces performance-enhancing minerals, mineral-based, and synthetic mineral products. The Company's products are used for paper, steel, polymer, and other manufacturing industries on a worldwide basis.

Minerals Technologies has overhead space with shares priced $67.64, or 13.1% below the average consensus analyst price target of $77.80. The stock should discover initial support at its 50-day moving average (MA) of $61.80 and subsequent support at its 200-day MA of $60.52.

Minerals Technologies share prices have moved between a 52-week high of $69.42 and a 52-week low of $48.50 and are now trading 39% above that low price at $67.64 per share. The 200-day and 50-day moving averages have moved 0.13% higher and 0.26% higher over the past week, respectively.

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

Keywords: 52 week high/lows minerals technologies

Ticker(s): MTX