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Shares of Legg Mason Inc Fall Below Previous 52-Week Low

By James Quinn

Shares of Legg Mason Inc (NYSE:LM) traded at a new 52-week low today of $35.85. Approximately 99,000 shares have changed hands today, as compared to an average 30-day volume of 819,000 shares.

Over the past year, Legg Mason Inchas traded in a range of $35.85 to $47.13 and are now at $35.88. The 200-day and 50-day moving averages have moved 0.02% lower and 0.45% lower over the past week, respectively.

Legg Mason, Inc. is a global asset management company. The Company, through its subsidiaries, provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles.

There is potential upside of 24.5% for shares of Legg Mason Inc based on a current price of $35.88 and an average consensus analyst price target of $44.67. The stock should run into initial resistance at its 50-day moving average (MA) of $38.55 and subsequent resistance at its 200-day MA of $39.52.

SmarTrend recommended that its subscribers protect gains by selling shares of Legg Mason Inc on April 13th, 2018 by issuing a Downtrend alert when the shares were trading at $38.15. Since that call, shares of Legg Mason Inc have fallen 5.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows legg mason inc

Ticker(s): LM