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Shares of Aerojet Rocketdy Has Risen Above Previous 52-Week High

By David Diaz

Shares of Aerojet Rocketdy (NYSE:AJRD) traded at a new 52-week high today of $30.06. Approximately 79,000 shares have changed hands today, as compared to an average 30-day volume of 214,000 shares.

Aerojet Rocketdy (NYSE:AJRD) is currently priced 9.8% above its average consensus analyst price target of $26.67. Aerojet Rocketdy shares have support at the 200-day moving average (MA) of $17.52 and additional support at the 50-day MA of $16.64.

In the past 52 weeks, Aerojet Rocketdy share prices have been bracketed by a low of $16.04 and a high of $30.06 and are now at $29.55, 84% above that low price. The 200-day and 50-day moving averages have moved 0.71% lower and 0.98% higher over the past week, respectively.

Aerojet Rocketdyne Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, develops and manufactures propulsion systems for defense and space applications, as well as armaments for precision tactical and long-range weapon systems applications. Aerojet Rocketdyne Holdings also provides real estate services, including entitlement, sale, and leasing.

SmarTrend recommended that subscribers consider buying shares of Aerojet Rocketdy on June 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.24. Since that recommendation, shares of Aerojet Rocketdy have risen 34.7%. We continue to monitor AJRD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows aerojet rocketdy

Ticker(s): AJRD