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Shares of Leidos Holdings Has Risen Above Previous 52-Week High

By David Diaz

Shares of Leidos Holdings (NYSE:LDOS) traded today at $57.90, breaking its 52-week high. This new high was reached on below average trading volume as 76,000 shares traded hands, while the average 30-day volume is approximately 440,000 shares.

Potential upside of 6.0% exists for Leidos Holdings, based on a current level of $57.82 and analysts' average consensus price target of $61.30. Leidos Holdings shares have support at the 50-day moving average (MA) of $49.01 and additional support at the 200-day MA of $48.32.

Leidos Holdings Inc. provides scientific, engineering, systems integration and technical services and solutions. The Company provides its services in the areas of national security, engineering and health.

Leidos Holdings share prices have moved between a 52-week high of $57.90 and a 52-week low of $37.79 and are now trading 53% above that low price at $57.82 per share. The 200-day and 50-day moving averages have moved 0.37% higher and 1.10% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Leidos Holdings on November 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.52. Since that recommendation, shares of Leidos Holdings have risen 26.0%. We continue to monitor LDOS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows leidos holdings

Ticker(s): LDOS