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Outfront Media I: The Winning Streak Continues (OUT)

By Shiri Gupta

Outfront Media I (NYSE:OUT) traded today at a new 52-week high of $26.00. Approximately 428,000 shares have changed hands today, as compared to an average 30-day volume of 679,000 shares.

OUTFRONT Media Inc. leases advertising space on out-of-home advertising structures and sites. The Company maintains a portfolio consisting of billboard displays and municipal transit systems in the United States, Canada, and Latin America.

Over the past year, Outfront Media I has traded in a range of $16.81 to $26.00 and is now at $25.00, 49% above that low. The 200-day and 50-day moving averages have moved 0.20% higher and 0.68% higher over the past week, respectively.

Potential upside of 0.7% exists for Outfront Media I, based on a current level of $25.00 and analysts' average consensus price target of $25.17. The stock should find initial support at its 50-day moving average (MA) of $23.23 and further support at its 200-day MA of $20.69.

SmarTrend recommended that subscribers consider buying shares of Outfront Media I on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.61. Since that recommendation, shares of Outfront Media I have risen 22.4%. We continue to monitor OUT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows outfront media i

Ticker(s): OUT