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Recent 52-Week High Exceeded in Shares of Carlisle Cos (CSL)

By David Diaz

Shares of Carlisle Cos (NYSE:CSL) traded today at $105.79, breaking its 52-week high. So far today approximately 128,000 shares have been exchanged, as compared to an average 30-day volume of 370,000 shares.

Over the past year, Carlisle Cos has traded in a range of $75.17 to $105.79 and is now at $104.21, 39% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

Carlisle Cos (NYSE:CSL) defies analysts with a current price ($104.21) 2.8% above its average consensus price target of $101.33. The stock should find initial support at its 50-day moving average (MA) of $96.02 and further support at its 200-day MA of $92.69.

Carlisle Companies Incorporated manufactures and distributes construction materials, transportation products, and general industry products. The Company manufactures a variety of products for the roofing, real estate, construction, trucking, food-service, aircraft manufacturing, lawn and garden, and other industries.

SmarTrend recommended that subscribers consider buying shares of Carlisle Cos on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $83.20. Since that recommendation, shares of Carlisle Cos have risen 20.1%. We continue to monitor CSL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows carlisle cos

Ticker(s): CSL