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Recent 52-Week High Exceeded in Shares of Jacobs Engin Grp (JEC)

By James Quinn

Jacobs Engin Grp (NYSE:JEC) traded at a new 52-week high today of $75.50. So far today approximately 84,000 shares have been exchanged, as compared to an average 30-day volume of 980,000 shares.

Jacobs Engin Grp (NYSE:JEC) defies analysts with a current price ($75.11) 1.0% above its average consensus price target of $74.36. The stock should discover initial support at its 50-day moving average (MA) of $69.74 and subsequent support at its 200-day MA of $65.15.

Jacobs Engineering Group Inc. provides a broad range of technical, professional, and construction services to a large number of industrial, commercial, and governmental clients around the world. The Company offers interior, construction management, scientific research and testing, architecture, engineering, and operations and maintenance services.

Over the past year, Jacobs Engin Grp has traded in a range of $54.60 to $75.50 and is now at $75.11, 38% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Jacobs Engin Grp on May 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.86. Since that recommendation, shares of Jacobs Engin Grp have risen 19.4%. We continue to monitor JEC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows jacobs engin grp

Ticker(s): JEC