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Shares of Gibraltar Industries Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of Gibraltar Industries (NASDAQ:ROCK) traded today at $30.00, breaking its 52-week high. So far today approximately 76,000 shares have been exchanged, as compared to an average 30-day volume of 176,000 shares.

In the past 52 weeks, Gibraltar Industries share prices have been bracketed by a low of $12.65 and a high of $30.00 and are now at $28.75, 127% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.5%.

Potential upside of 6.1% exists for Gibraltar Industries, based on a current level of $28.75 and analysts' average consensus price target of $30.50. Gibraltar Industries shares have support at the 50-day moving average (MA) of $26.61 and additional support at the 200-day MA of $22.61.

Gibraltar Industries Inc is a manufacturer, processor, and distributor of metals and other engineered materials for the building products, vehicular, and other industrial markets. The Company serves customers in a variety of industries in North and South America, Europe, and Asia.

SmarTrend recommended that subscribers consider buying shares of Gibraltar Industries on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.51. Since that recommendation, shares of Gibraltar Industries have risen 14.9%. We continue to monitor ROCK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows gibraltar industries

Ticker(s): ROCK