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Shares of Manpowergroup In Fall Below Previous 52-Week Low

By Nick Russo

Manpowergroup In (NYSE:MAN) traded today at a new 52-week low of $81.85. Approximately 367,000 shares have changed hands today, as compared to an average 30-day volume of 716,000 shares.

Potential upside of 48.6% exists for Manpowergroup In, based on a current level of $83.14 and analysts' average consensus price target of $123.56. The stock should find initial resistance at its 50-day moving average (MA) of $90.55 and further resistance at its 200-day MA of $113.46.

ManpowerGroup Inc. provides non-governmental employment services through offices located around the world. The Company's principal operations include temporary staffing services, contract services, and training and testing of temporary, and permanent workers. Manpower provides employment services to a wide variety of customers.

In the past 52 weeks, shares of Manpowergroup In have traded between the current low of $81.85 and a high of $136.93 and are now at $83.14. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.9%.

SmarTrend is tracking the current trend status for Manpowergroup In and will alert subscribers who have MAN in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows manpowergroup in

Ticker(s): MAN