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Shares of Ceco Environmntl Has Fallen Below Previous 52-Week Low

By James Quinn

Shares of Ceco Environmntl (NASDAQ:CECE) traded at a new 52-week low today of $7.72. Approximately 58,000 shares have changed hands today, as compared to an average 30-day volume of 173,000 shares.

Ceco Environmntl has overhead space with shares priced $7.75, or 32.6% below the average consensus analyst price target of $11.50. The stock should find resistance at its 200-day moving average (MA) of $7.85, as well as support at its 50-day MA of $6.34.

Over the past year, Ceco Environmntlhas traded in a range of $7.72 to $14.88 and are now at $7.75. The 200-day and 50-day moving averages have moved 0.87% lower and 0.26% higher over the past week, respectively.

CECO Environmental Corp. is involved in the air quality management and pollution control industries. The Company manufactures and sells industrial air filters and filter fabrics, as well as supplies air quality improvement systems. CECO also provides environmental maintenance, monitoring, and management services.

SmarTrend recommended that its subscribers protect gains by selling shares of Ceco Environmntl on May 15th, 2017 by issuing a Downtrend alert when the shares were trading at $9.42. Since that call, shares of Ceco Environmntl have fallen 13.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows ceco environmntl

Ticker(s): CECE