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Recent 52-Week High Exceeded in Shares of AO Smith (AOS)

By Shiri Gupta

Shares of AO Smith (NYSE:AOS) traded at a new 52-week high today of $91.90. Approximately 112,000 shares have changed hands today, as compared to an average 30-day volume of 577,000 shares.

A.O. Smith Corporation manufactures products through its electric motor and water systems technologies segments. The Company's products include fractional horsepower and hermetic electric motors, and residential and commercial water heaters.

Based on a current price of $91.67, AO Smith is currently 11.5% above its average consensus analyst price target of $81.09. The stock should find initial support at its 50-day moving average (MA) of $76.03 and further support at its 200-day MA of $72.30.

In the past 52 weeks, shares of AO Smith have traded between a low of $50.09 and a high of $91.90 and are now at $91.67, which is 83% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of AO Smith on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.28. Since that recommendation, shares of AO Smith have risen 30.6%. We continue to monitor AOS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ao smith

Ticker(s): AOS