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Shares of Evercore Partners Rise to a New 52-Week High

By David Diaz

Shares of Evercore Partners (NYSE:EVR) traded today at $61.43, breaking its 52-week high. This new high was reached on below average trading volume as 73,000 shares traded hands, while the average 30-day volume is approximately 271,000 shares.

In the past 52 weeks, Evercore Partners share prices have been bracketed by a low of $32.70 and a high of $61.43 and are now at $61.20, 87% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.6%.

Evercore Partners (NYSE:EVR) defies analysts with a current price ($61.20) 2.1% above its average consensus price target of $59.89. The stock should discover initial support at its 50-day moving average (MA) of $55.88 and subsequent support at its 200-day MA of $46.60.

Evercore Partners Inc. is an investment banking boutique. The firm provides advisory services to multinational corporations on mergers, acquisitions, divestitures, restructurings and other corporate transactions. Evercore also manages private equity funds for institutional investors.

SmarTrend recommended that subscribers consider buying shares of Evercore Partners on October 16th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.70. Since that recommendation, shares of Evercore Partners have risen 21.4%. We continue to monitor EVR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows evercore partners

Ticker(s): EVR