Recent 52-Week High Exceeded in Shares of Ryanair Holdings (RYAAY)
Ryanair Holdings (NASDAQ:RYAAY) traded today at a new 52-week high of $40.00. So far today approximately 104,000 shares have been exchanged, as compared to an average 30-day volume of 355,000 shares.
In the past 52 weeks, Ryanair Holdings share prices have been bracketed by a low of $23.87 and a high of $40.00 and are now at $39.81, 67% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 0.71% higher over the past week, respectively.
Ryanair Holdings has overhead space with shares priced $39.81, or 11.5% below the average consensus analyst price target of $45.00. The stock should discover initial support at its 50-day moving average (MA) of $35.62 and subsequent support at its 200-day MA of $32.73.
Ryanair Holdings PLC provides low fare passenger airline services to destinations in Europe.
SmarTrend recommended that subscribers consider buying shares of Ryanair Holdings on January 7th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.63. Since that recommendation, shares of Ryanair Holdings have risen 7.5%. We continue to monitor RYAAY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows ryanair holdings