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Shares of Atmos Energy Rise Above Previous 52-Week High

By Shiri Gupta

Shares of Atmos Energy (NYSE:ATO) traded at a new 52-week high today of $103.56. Approximately 52,000 shares have changed hands today, as compared to an average 30-day volume of 2.1 million shares.

Based on a current price of $103.56, Atmos Energy is currently 13.4% above its average consensus analyst price target of $89.71. Atmos Energy shares have support at the 50-day moving average (MA) of $97.44 and additional support at the 200-day MA of $94.13.

Atmos Energy Corporation distributes natural gas to utility customers. The Company's non-utility operations span various states and provide natural gas marketing and procurement services to large customers. Atmos Energy also manages company-owned natural gas storage and pipeline assets, including an intrastate natural gas pipeline in Texas.

Atmos Energy share prices have moved between a 52-week high of $103.56 and a 52-week low of $79.49 and are now trading 30% above that low price at $103.56 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Atmos Energy on January 24th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $96.41. Since that recommendation, shares of Atmos Energy have risen 6.5%. We continue to monitor ATO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Atmos Energy

Ticker(s): ATO