Shares of Evercore Partners Rise to a New 52-Week High
Shares of Evercore Partners (NYSE:EVR) traded at a new 52-week high today of $40.83. So far today approximately 231,000 shares have been exchanged, as compared to an average 30-day volume of 499,000 shares.
In the past 52 weeks, Evercore Partners share prices have been bracketed by a low of $20.57 and a high of $40.83 and are now at $40.61, 97% above that low price. The 200-day and 50-day moving averages have moved 0.71% higher and 1.97% higher over the past week, respectively.
There is potential upside of 7.5% for shares of Evercore Partners based on a current price of $40.61 and an average consensus analyst price target of $43.66. The stock should discover initial support at its 50-day moving average (MA) of $34.64 and subsequent support at its 200-day MA of $27.64.
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 November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.71. Since that recommendation, shares of Evercore Partners have risen 41.8%. 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