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Ritchie Bros Auctioneers Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Shares of Ritchie Bros Auctioneers (NYSE:RBA) traded at a new 52-week high today of $34.98. This new high was reached on below average trading volume as 64,000 shares traded hands, while the average 30-day volume is approximately 461,000 shares.

Over the past year, Ritchie Bros Auctioneers has traded in a range of $21.03 to $34.98 and is now at $34.94, 66% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.8%.

Ritchie Bros. Auctioneers Incorporated auctions industrial equipment, operating through various locations around the world. The Company sells, through unreserved public auctions, used and unused industrial equipment, including equipment used in the construction, transportation, mining, forestry, petroleum, and agricultural industries.

Based on a current price of $34.94, Ritchie Bros Auctioneers is currently 13.7% above its average consensus analyst price target of $30.14. Ritchie Bros Auctioneers shares have support at the 50-day moving average (MA) of $26.67 and additional support at the 200-day MA of $25.77.

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

Keywords: 52 week high/lows ritchie bros auctioneers

Ticker(s): RBA