Shares of AZZ Inc Rise Above Previous 52-Week High
Shares of AZZ Inc (NYSE:AZZ) traded at a new 52-week high today of $46.76. So far today approximately 90,000 shares have been exchanged, as compared to an average 30-day volume of 199,000 shares.
There is potential upside of 2.6% for shares of AZZ Inc based on a current price of $46.13 and an average consensus analyst price target of $47.33. The stock should find initial support at its 50-day moving average (MA) of $41.50 and further support at its 200-day MA of $34.99.
Over the past year, AZZ Inc has traded in a range of $23.33 to $46.76 and is now at $46.13, 98% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.4%.
AZZ Incorporated manufactures specialty electrical equipment and components for the global power generation, power transmission, and distribution markets. The Company also provides hot dip galvanizing services to the steel fabrication industry across the United States.
SmarTrend recommended that subscribers consider buying shares of AZZ Inc on April 30th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.77. Since that recommendation, shares of AZZ Inc have risen 78.7%. We continue to monitor AZZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows azz inc