Shares of Advanced Energy Industries Rise to a New 52-Week High
Advanced Energy Industries (NASDAQ:AEIS) traded at a new 52-week high today of $43.54. This new high was reached on below average trading volume as 136,000 shares traded hands, while the average 30-day volume is approximately 354,000 shares.
Over the past year, Advanced Energy Industries has traded in a range of $21.12 to $43.54 and is now at $40.53, 92% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.1%.
Based on a current price of $40.53, Advanced Energy Industries is currently 16.9% above its average consensus analyst price target of $33.67. Advanced Energy Industries shares have support at the 50-day moving average (MA) of $33.11 and additional support at the 200-day MA of $28.68.
Advanced Energy Industries, Inc. manufactures power conversion and control systems used in plasma-based thin film production equipment. The Company's systems are integrated in semiconductor, data storage, flat panel display, and other industrial manufacturing equipment that utilize gaseous plasmas to deposit or etch thin film layers on materials or substrates such as silicon and glass.
SmarTrend recommended that subscribers consider buying shares of Advanced Energy Industries on May 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.01. Since that recommendation, shares of Advanced Energy Industries have risen 17.1%. We continue to monitor AEIS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows advanced energy industries