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Shares of Avis Budget Group Fall Below Previous 52-Week Low

By Shiri Gupta

Shares of Avis Budget Group (NYSE:CAR) traded today at $21.37, breaking its 52-week low. Approximately 356,000 shares have changed hands today, as compared to an average 30-day volume of 2.5 million shares.

In the past 52 weeks, shares of Avis Budget Group have traded between the current low of $21.37 and a high of $56.74 and are now at $21.60. The 200-day and 50-day moving averages have moved 1% lower and 0.94% lower over the past week, respectively.

Avis Budget Group (NYSE:CAR) has potential upside of 99.7% based on a current price of $21.60 and analysts' consensus price target of $43.12. The stock should find initial resistance at its 50-day moving average (MA) of $25.69 and further resistance at its 200-day MA of $35.72.

Avis Budget Group, Inc. offers automobile and truck rental services.

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

Keywords: 52 week high/lows Avis Budget Group

Ticker(s): CAR