Recent 52-Week High Exceeded in Shares of Copart (CPRT)
Shares of Copart (NASDAQ:CPRT) traded at a new 52-week high today of $31.82. Approximately 197,000 shares have changed hands today, as compared to an average 30-day volume of 510,000 shares.
In the past 52 weeks, Copart share prices have been bracketed by a low of $22.58 and a high of $31.82 and are now at $31.73, 41% above that low price. The 200-day and 50-day moving averages have moved 0.42% higher and 1.31% higher over the past week, respectively.
Copart (NASDAQ:CPRT) is currently priced 4.8% above its average consensus analyst price target of $30.21. The stock should find initial support at its 50-day moving average (MA) of $29.93 and further support at its 200-day MA of $26.84.
Copart, Inc. provides vehicle suppliers, primarily insurance companies, with a variety of services to process and sell salvage vehicles through auctions. Salvaged vehicles are primarily sold to licensed dismantlers, rebuilders, and used vehicle dealers.
SmarTrend recommended that subscribers consider buying shares of Copart on July 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.87. Since that recommendation, shares of Copart have risen 27.3%. We continue to monitor CPRT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows copart