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Shares of Lear Corp Fall to a New 52-Week Low

By David Diaz

Lear Corp (NYSE:LEA) traded today at a new 52-week low of $109.93. Approximately 75,000 shares have changed hands today, as compared to an average 30-day volume of 678,000 shares.

In the past 52 weeks, Lear Corp share prices have been bracketed by a current low of $109.93 and a high of $176.05 and are now at $109.93. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.4%.

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers worldwide.

There is potential upside of 86.1% for shares of Lear Corp based on a current price of $109.93 and an average consensus analyst price target of $204.60. The stock should find initial resistance at its 50-day moving average (MA) of $130.72 and further resistance at its 200-day MA of $138.16.

SmarTrend recommended that its subscribers protect gains by selling shares of Lear Corp on July 9th, 2019 by issuing a Downtrend alert when the shares were trading at $130.36. Since that call, shares of Lear Corp have fallen 12.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows lear corp

Ticker(s): LEA