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Shares of Jabil Inc Fall Below Previous 52-Week Low

By Shiri Gupta

Jabil Inc (NYSE:JBL) traded today at a new 52-week low of $23.62. This new low was reached on below average trading volume as 255,000 shares traded hands, while the average 30-day volume is approximately 2.2 million shares.

Potential upside of 36.0% exists for Jabil Inc, based on a current level of $23.70 and analysts' average consensus price target of $32.22. The stock should find initial resistance at its 200-day moving average (MA) of $27.88 and further resistance at its 50-day MA of $28.27.

Jabil Inc provides electronic manufacturing services. The Company offers digital prototyping, printed electronics, device integration, circuit designing, and volume board assembly services. Jabil serves automotive, consumer health, data centers, energy, and defense and aerospace sectors worldwide.

In the past 52 weeks, shares of Jabil Inc have traded between the current low of $23.62 and a high of $31.77 and are now at $23.70. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.

SmarTrend is monitoring the recent change of momentum in Jabil Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Jabil Inc in search of a potential trend change.

Keywords: 52 week high/lows jabil inc

Ticker(s): JBL