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Recent 52-Week High Exceeded in Shares of Heico Corp (HEI)

By Shiri Gupta

Heico Corp (NYSE:HEI) traded today at a new 52-week high of $132.08. Approximately 96,000 shares have changed hands today, as compared to an average 30-day volume of 613,000 shares.

Over the past year, Heico Corp has traded in a range of $71.24 to $132.08 and is now at $132.08, 85% above that low. The 200-day and 50-day moving averages have moved 0.60% higher and 1.65% higher over the past week, respectively.

HEICO Corporation designs, manufactures, and sells aerospace products and services through its subsidiaries. The Company's customers include airlines and airmotive, as well as defense contractors and military agencies worldwide, including the United States Air Force, the United States Navy, and the National Aeronautics & Space Administration (NASA).

Heico Corp (NYSE:HEI) defies analysts with a current price ($132.08) 29.5% above its average consensus price target of $93.12. Heico Corp shares have support at the 50-day moving average (MA) of $110.14 and additional support at the 200-day MA of $92.55.

SmarTrend recommended that subscribers consider buying shares of Heico Corp on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.21. Since that recommendation, shares of Heico Corp have risen 63.2%. We continue to monitor HEI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows heico corp

Ticker(s): HEI