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Shares of AZZ Inc Rise Above Previous 52-Week High

By Amy Schwartz

Shares of AZZ Inc (NYSE:AZZ) traded at a new 52-week high today of $58.98. This new high was reached on approximately average trading volume as 111,000 shares traded hands, while the average 30-day volume is approximately 155,000 shares.

There is potential upside of 2.2% for shares of AZZ Inc based on a current price of $57.73 and an average consensus analyst price target of $59.00. The stock should find initial support at its 50-day moving average (MA) of $53.78 and further support at its 200-day MA of $49.97.

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.

In the past 52 weeks, AZZ Inc share prices have been bracketed by a low of $38.64 and a high of $58.98 and are now at $57.73, 49% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of AZZ Inc on October 28th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.92. Since that recommendation, shares of AZZ Inc have risen 5.0%. 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

Ticker(s): AZZ