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

By David Diaz

Shares of Atmos Energy (NYSE:ATO) traded today at $112.90, breaking its 52-week high. So far today approximately 247,000 shares have been exchanged, as compared to an average 30-day volume of 728,000 shares.

Based on a current price of $112.29, Atmos Energy is currently 20.1% above its average consensus analyst price target of $89.71. Atmos Energy shares have support at the 50-day moving average (MA) of $108.71 and additional support at the 200-day MA of $101.75.

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 $87.88 and a high of $112.90 and are now at $112.29, 28% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Atmos Energy on June 6th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.20. Since that recommendation, shares of Atmos Energy have risen 7.8%. We continue to monitor ATO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Atmos Energy

Ticker(s): ATO