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

By Shiri Gupta

Shares of Legg Mason Inc (NYSE:LM) traded at a new 52-week low today of $29.22. Approximately 73,000 shares have changed hands today, as compared to an average 30-day volume of 799,000 shares.

Potential upside of 51.9% exists for Legg Mason Inc, based on a current level of $29.41 and analysts' average consensus price target of $44.67. Legg Mason Inc shares should first meet resistance at the 50-day moving average (MA) of $31.46 and find additional resistance at the 200-day MA of $36.99.

In the past 52 weeks, shares of Legg Mason Inc have traded between the current low of $29.22 and a high of $47.13 and are now at $29.41. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.6%.

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.

SmarTrend is tracking the current trend status for Legg Mason Inc and will alert subscribers who have LM in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows legg mason inc

Ticker(s): LM