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Shares of Air Methods Fall to a New 52-Week Low

By Amy Schwartz

Air Methods (NASDAQ:AIRM) traded at a new 52-week low today of $30.57. Approximately 53,000 shares have changed hands today, as compared to an average 30-day volume of 422,000 shares.

Potential upside of 78.2% exists for Air Methods, based on a current level of $30.64 and analysts' average consensus price target of $54.60. Air Methods shares should first meet resistance at the 50-day moving average (MA) of $37.49 and find additional resistance at the 200-day MA of $38.71.

Air Methods Corporation provides aeromedical emergency transport services and systems throughout North America. The Company provides transportation services to hospitals throughout the U.S. In addition, Air Methods designs, manufactures, and installs medical aircraft interiors and other aerospace products.

In the past 52 weeks, shares of Air Methods have traded between the current low of $30.57 and a high of $46.49 and are now at $30.64. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.5%.

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

Keywords: 52 week high/lows air methods

Ticker(s): AIRM