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Recent 52-Week Low Surpassed in Shares of Nn Inc (NNBR)

By Shiri Gupta

Nn Inc (NASDAQ:NNBR) traded at a new 52-week low today of $13.54. So far today approximately 168,000 shares have been exchanged, as compared to an average 30-day volume of 535,000 shares.

NN, Inc., a diversified industrial company, combines advanced engineering and production capabilities with in-depth materials science expertise, to design and manufacture high-precision components and assemblies for a variety of markets on a global basis.

Potential upside of 128.9% exists for Nn Inc, based on a current level of $13.54 and analysts' average consensus price target of $31.00. The stock should run into initial resistance at its 50-day moving average (MA) of $18.00 and subsequent resistance at its 200-day MA of $21.93.

Over the past year, Nn Inchas traded in a range of $13.54 to $32.90 and are now at $13.54. The 200-day and 50-day moving averages have moved 0.88% lower and 1.9% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Nn Inc on August 13th, 2018 by issuing a Downtrend alert when the shares were trading at $19.28. Since that call, shares of Nn Inc have fallen 27.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows nn inc

Ticker(s): NNBR