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Shares of Dana Inc Fall Below Previous 52-Week Low

By Nick Russo

Dana Inc (NYSE:DAN) traded at a new 52-week low today of $16.60. This new low was reached on below average trading volume as 176,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.

Dana Inc. engineers, manufactures, and distributes components and systems for worldwide automotive, heavy truck, off-highway, engine, and industrial markets. The Company also provides leasing services in selected markets.

There is potential upside of 75.8% for shares of Dana Inc based on a current price of $16.64 and an average consensus analyst price target of $29.25. Dana Inc shares should first meet resistance at the 50-day moving average (MA) of $19.48 and find additional resistance at the 200-day MA of $24.26.

Dana Inc share prices have moved between a 52-week high of $35.27 and the current low of $16.60 and are currently at $16.64 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1.4%.

SmarTrend is tracking the current trend status for Dana Inc and will alert subscribers who have DAN in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows dana inc

Ticker(s): DAN