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Shares of Eaton Vance Corp Fall Below Previous 52-Week Low

By David Diaz

Eaton Vance Corp (NYSE:EV) traded today at a new 52-week low of $47.18. So far today approximately 96,000 shares have been exchanged, as compared to an average 30-day volume of 484,000 shares.

In the past 52 weeks, Eaton Vance Corp share prices have been bracketed by a current low of $47.18 and a high of $60.95 and are now at $47.61. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.4%.

Eaton Vance Corp. creates, markets, and manages mutual funds. The Company also provides management and counseling services to individual and institutional clients. Eaton Vance currently provides investment advisory or administration services to individual and institutional accounts, as well as funds.

Potential upside of 27.2% exists for Eaton Vance Corp, based on a current level of $47.61 and analysts' average consensus price target of $60.56. Eaton Vance Corp shares should first meet resistance at the 50-day moving average (MA) of $52.58 and find additional resistance at the 200-day MA of $54.81.

SmarTrend recommended that its subscribers protect gains by selling shares of Eaton Vance Corp on June 18th, 2018 by issuing a Downtrend alert when the shares were trading at $54.36. Since that call, shares of Eaton Vance Corp have fallen 11.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows eaton vance corp

Ticker(s): EV