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Shares of AGCO Rise Above Previous 52-Week High

By Shiri Gupta

AGCO (NYSE:AGCO) traded today at a new 52-week high of $67.90. This new high was reached on below average trading volume as 217,000 shares traded hands, while the average 30-day volume is approximately 994,000 shares.

AGCO (NYSE:AGCO) defies analysts with a current price ($67.88) 12.0% above its average consensus price target of $59.76. The stock should find initial support at its 50-day moving average (MA) of $51.12 and further support at its 200-day MA of $48.76.

AGCO Corporation manufactures and distributes agricultural equipment throughout the world. The Company sells a range of agricultural equipment and related replacement parts, including tractors, combines, hay tools, sprayers, and forage equipment. AGCO markets its products under a variety of brand names, including Massey Ferguson, AGCO, Tye, GLEANER, and Hesston.

In the past 52 weeks, shares of AGCO have traded between a low of $41.91 and a high of $67.90 and are now at $67.88, which is 62% above that low price. The 200-day and 50-day moving averages have moved 0.09% lower and 0.82% higher over the past week, respectively.

SmarTrend is tracking the current trend status for AGCO and will alert subscribers who have AGCO in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows

Ticker(s): AGCO