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Recent 52-Week High Exceeded in Shares of Ametek Inc (AME)

By Nick Russo

Shares of Ametek Inc (NYSE:AME) traded today at $80.55, breaking its 52-week high. This new high was reached on below average trading volume as 72,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

Ametek Inc share prices have moved between a 52-week high of $80.55 and a 52-week low of $63.86 and are now trading 26% above that low price at $80.54 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

AMETEK, Inc. is a global manufacturer of electronic instruments and electromechanical devices. The Company manufactures advanced instruments for process, aerospace, power, and industrial markets and is a supplier of electrical interconnects, specialty metals, technical motors and systems, and floor care and specialty motors.

There is potential upside of 3.1% for shares of Ametek Inc based on a current price of $80.54 and an average consensus analyst price target of $83.00. The stock should find initial support at its 50-day moving average (MA) of $75.71 and further support at its 200-day MA of $74.79.

SmarTrend recommended that subscribers consider buying shares of Ametek Inc on July 26th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.16. Since that recommendation, shares of Ametek Inc have risen 4.7%. We continue to monitor AME for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ametek inc

Ticker(s): AME