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Recent 52-Week High Exceeded in Shares of Axalta Coating S (AXTA)

By David Diaz

Shares of Axalta Coating S (NYSE:AXTA) traded today at $31.07, breaking its 52-week high. Approximately 712,000 shares have changed hands today, as compared to an average 30-day volume of 2.9 million shares.

Axalta Coating S (NYSE:AXTA) has potential upside of 9.4% based on a current price of $31.07 and analysts' consensus price target of $34.00. Axalta Coating S shares have support at the 50-day moving average (MA) of $27.08 and additional support at the 200-day MA of $25.97.

Axalta Coating Systems Ltd. manufactures, markets, and distributes coating systems. The Company offers products and services which includes paint, color matching tools, application technologies, and customer training and business management systems. Axalta Coating Systems serves automotive, transportation, general industrial, and architectural and decorative sectors.

In the past 52 weeks, shares of Axalta Coating S have traded between a low of $21.58 and a high of $31.07 and are now at $31.07, which is 44% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Axalta Coating S on June 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.72. Since that recommendation, shares of Axalta Coating S have risen 19.2%. We continue to monitor AXTA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows axalta coating s

Ticker(s): AXTA