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Recent 52-Week High Exceeded in Shares of Aerovironment In (AVAV)

By David Diaz

Shares of Aerovironment In (NASDAQ:AVAV) traded today at $48.75, breaking its 52-week high. So far today approximately 288,000 shares have been exchanged, as compared to an average 30-day volume of 124,000 shares.

Aerovironment In (NASDAQ:AVAV) is currently priced 39.9% above its average consensus analyst price target of $29.00. The stock should find initial support at its 50-day moving average (MA) of $27.67 and further support at its 200-day MA of $25.21.

Aerovironment Inc. designs, develops, produces and supports small unmanned aircraft systems, and fast charge systems for electric industrial vehicle batteries.

In the past 52 weeks, shares of Aerovironment In have traded between a low of $22.16 and a high of $48.75 and are now at $48.27, which is 118% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Aerovironment In on November 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.23. Since that recommendation, shares of Aerovironment In have risen 84.4%. We continue to monitor AVAV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows aerovironment in

Ticker(s): AVAV