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Shares of Legg Mason Inc Has Risen Above Previous 52-Week High

By Amy Schwartz

Shares of Legg Mason Inc (NYSE:LM) traded at a new 52-week high today of $39.22. This new high was reached on below average trading volume as 96,000 shares traded hands, while the average 30-day volume is approximately 603,000 shares.

Legg Mason Inc has overhead space with shares priced $39.22, or 12.2% below the average consensus analyst price target of $44.67. Legg Mason Inc shares have support at the 50-day moving average (MA) of $37.49 and additional support at the 200-day MA of $32.36.

In the past 52 weeks, Legg Mason Inc share prices have been bracketed by a low of $23.25 and a high of $39.22 and are now at $39.22, 69% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.2%.

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

Keywords: 52 week high/lows legg mason inc

Ticker(s): LM