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Shares of AMETEK Rise to a New 52-Week High

By James Quinn

Shares of AMETEK (NYSE:AME) traded today at $62.42, breaking its 52-week high. So far today approximately 102,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.

AMETEK share prices have moved between a 52-week high of $62.42 and a 52-week low of $42.82 and are now trading 46% above that low price at $62.35 per share. The 200-day and 50-day moving averages have moved 0.29% lower and 0.27% higher over the past week, respectively.

Based on a current price of $62.35, AMETEK is currently 4.7% above its average consensus analyst price target of $59.43. AMETEK shares have support at the 200-day moving average (MA) of $51.70 and additional support at the 50-day MA of $49.13.

AMETEK, Inc. manufactures electrical motors and electronic instruments. The Company produces air-moving electric motors and blowers for vacuums and other floor-care products. AMETEK also develops technical motors, specialty metals, and manufactures monitoring, sensing, calibrating, and display instrumentation for the aerospace, process, and heavy-vehicle industries.

SmarTrend recommended that subscribers consider buying shares of AMETEK on December 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.74. Since that recommendation, shares of AMETEK have risen 27.1%. We continue to monitor AME for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ametek

Ticker(s): AME