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Recent 52-Week Low Surpassed in Shares of Pitney Bowes Inc (PBI)

By Shiri Gupta

Pitney Bowes Inc (NYSE:PBI) traded today at a new 52-week low of $5.05. Approximately 536,000 shares have changed hands today, as compared to an average 30-day volume of 4.6 million shares.

Potential upside of 152.5% exists for Pitney Bowes Inc, based on a current level of $5.05 and analysts' average consensus price target of $12.75. The stock should find initial resistance at its 50-day moving average (MA) of $6.63 and further resistance at its 200-day MA of $7.16.

In the past 52 weeks, shares of Pitney Bowes Inc have traded between the current low of $5.05 and a high of $9.71 and are now at $5.05. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.9% while the 200-day MA has slid 1.1%.

Pitney Bowes Inc. sells, finances, rents, and services integrated mail and document management systems. The Company offers a full suite of equipment, supplies software and services for end-to-end mailstream solutions.

SmarTrend recommended that its subscribers protect gains by selling shares of Pitney Bowes Inc on March 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $6.53. Since that call, shares of Pitney Bowes Inc have fallen 19.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows pitney bowes inc

Ticker(s): PBI