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Shares of Carbo Ceramics Has Fallen Below Previous 52-Week Low

By Nick Russo

Shares of Carbo Ceramics (NYSE:CRR) traded at a new 52-week low today of $0.92. This new low was reached on below average trading volume as 259,000 shares traded hands, while the average 30-day volume is approximately 481,000 shares.

CARBO Ceramics Inc. produces and supplies ceramic proppants for use in the oil and gas industry. The Company also provides foundry metal casting and industrial mineral grinding. Carbo has manufacturing plants located worldwide.

In the past 52 weeks, Carbo Ceramics share prices have been bracketed by a current low of $0.92 and a high of $10.61 and are now at $0.92. In the last five trading sessions, the 50-day moving average (MA) has fallen 5.3% while the 200-day MA has slid 2.6%.

Carbo Ceramics (NYSE:CRR) has potential upside of 846.8% based on a current price of $0.92 and analysts' consensus price target of $8.67. The stock should find initial resistance at its 50-day moving average (MA) of $1.36 and further resistance at its 200-day MA of $3.50.

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

Keywords: 52 week high/lows carbo ceramics

Ticker(s): CRR