Shares of Conn's Has Risen Above Previous 52-Week High
Shares of Conn's (NASDAQ:CONN) traded at a new 52-week high today of $33.43. Approximately 271,000 shares have changed hands today, as compared to an average 30-day volume of 433,000 shares.
Conn's share prices have moved between a 52-week high of $33.43 and a 52-week low of $13.13 and are now trading 153% above that low price at $33.28 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 1.1%.
Conn's, Inc. is a specialty retailer of home appliances and consumer electronics through stores in Texas and Louisiana, and via its website. Conn's also offers home office equipment, lawn and garden products, and other home products such as bedding.
Conn's has overhead space with shares priced $33.28, or 8.2% below the average consensus analyst price target of $36.25. The stock should find initial support at its 50-day moving average (MA) of $29.61 and further support at its 200-day MA of $23.55.
SmarTrend recommended that subscribers consider buying shares of Conn's on October 8th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.08. Since that recommendation, shares of Conn's have risen 27.8%. We continue to monitor CONN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows conn's