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Shares of Franklin Res Inc Has Fallen Below Previous 52-Week Low

By David Diaz

Franklin Res Inc (NYSE:BEN) traded today at a new 52-week low of $29.28. So far today approximately 646,000 shares have been exchanged, as compared to an average 30-day volume of 3.7 million shares.

There is potential upside of 18.4% for shares of Franklin Res Inc based on a current price of $29.48 and an average consensus analyst price target of $34.92. The stock should find initial resistance at its 50-day moving average (MA) of $31.85 and further resistance at its 200-day MA of $35.36.

In the past 52 weeks, shares of Franklin Res Inc have traded between the current low of $29.28 and a high of $45.96 and are now at $29.48. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.6%.

Franklin Resources, Inc. provides investment advisory services to mutual fund, retirement, institutional, and separate accounts investors. The Company manages various asset classes including global equity, global institutional and municipal fixed income, money funds, alternative investments, and hedge funds.

SmarTrend recommended that its subscribers protect gains by selling shares of Franklin Res Inc on September 4th, 2018 by issuing a Downtrend alert when the shares were trading at $31.42. Since that call, shares of Franklin Res Inc have fallen 5.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows franklin res inc

Ticker(s): BEN