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Shares of Greenbrier Cos Fall Below Previous 52-Week Low

By Nick Russo

Greenbrier Cos (NYSE:GBX) traded today at a new 52-week low of $34.77. So far today approximately 168,000 shares have been exchanged, as compared to an average 30-day volume of 275,000 shares.

Greenbrier Cos (NYSE:GBX) has potential upside of 61.4% based on a current price of $34.77 and analysts' consensus price target of $56.11. The stock should find initial resistance at its 50-day moving average (MA) of $40.56 and further resistance at its 200-day MA of $49.52.

In the past 52 weeks, shares of Greenbrier Cos have traded between the current low of $34.77 and a high of $64.87 and are now at $34.77. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.7%.

The Greenbrier Companies, Inc. supplies transportation equipment and services to the railroad and related industries. The Company's manufacturing segment produces railcars and marine vessels. Greenbrier also provides repair and refurbishment for intermodal and conventional railcars. In addition, the Company provides complementary leasing and services activities.

SmarTrend recommended that its subscribers protect gains by selling shares of Greenbrier Cos on March 6th, 2019 by issuing a Downtrend alert when the shares were trading at $39.24. Since that call, shares of Greenbrier Cos have fallen 4.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows greenbrier cos

Ticker(s): GBX