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Recent 52-Week Low Surpassed in Shares of Eros Internation (EROS)

By Amy Schwartz

Eros Internation (NYSE:EROS) traded at a new 52-week low today of $7.65. So far today approximately 282,000 shares have been exchanged, as compared to an average 30-day volume of 200,000 shares.

In the past 52 weeks, shares of Eros Internation have traded between the current low of $7.65 and a high of $19.87 and are now at $7.70. The 200-day and 50-day moving averages have moved 2.16% lower and 4.66% higher over the past week, respectively.

Eros International PLC produces, aquires, and distributes Indian language films. The Company distributes Indian-made films, known as Bollywood movies, in the United Kingdom, United States, Australia, the United Arab Emirates, and India.

Eros Internation has overhead space with shares priced $7.70, or 58.0% below the average consensus analyst price target of $18.33. The stock should find initial resistance at its 50-day moving average (MA) of $10.89 and further resistance at its 200-day MA of $17.01.

SmarTrend is monitoring the recent change of momentum in Eros Internation. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Eros Internation in search of a potential trend change.

Keywords: 52 week high/lows eros internation

Ticker(s): EROS