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Recent 52-Week High Exceeded in Shares of Atmos Energy (ATO)

By Shiri Gupta

Atmos Energy (NYSE:ATO) traded at a new 52-week high today of $107.85. Approximately 55,000 shares have changed hands today, as compared to an average 30-day volume of 734,000 shares.

Atmos Energy (NYSE:ATO) is currently priced 16.5% above its average consensus analyst price target of $89.71. The stock should discover initial support at its 50-day moving average (MA) of $102.39 and subsequent support at its 200-day MA of $97.94.

Atmos Energy Corporation distributes natural gas to utility customers. The Company's non-utility operations span various states and provide natural gas marketing and procurement services to large customers. Atmos Energy also manages company-owned natural gas storage and pipeline assets, including an intrastate natural gas pipeline in Texas.

In the past 52 weeks, Atmos Energy share prices have been bracketed by a low of $86.46 and a high of $107.85 and are now at $107.39, 24% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Atmos Energy and will alert subscribers who have ATO in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows Atmos Energy

Ticker(s): ATO