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Shares of Applied Indu Tec Has Risen Above Previous 52-Week High

By Shiri Gupta

Applied Indu Tec (NYSE:AIT) traded at a new 52-week high today of $77.15. Approximately 70,000 shares have changed hands today, as compared to an average 30-day volume of 146,000 shares.

Applied Industrial Technologies, Inc. distributes bearings and seals, power transmission and fluid power components, hydraulic and pneumatic components, industrial rubber products, linear components, and general maintenance items. The Company also provides engineering design and systems integration services, as well as mechanical, fabricated rubber, and fluid power shop services.

In the past 52 weeks, shares of Applied Indu Tec have traded between a low of $54.00 and a high of $77.15 and are now at $75.85, which is 40% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

Applied Indu Tec (NYSE:AIT) has potential upside of 9.4% based on a current price of $75.85 and analysts' consensus price target of $83.00. Applied Indu Tec shares have support at the 50-day moving average (MA) of $73.10 and additional support at the 200-day MA of $69.66.

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

Keywords: 52 week high/lows applied indu tec

Ticker(s): AIT