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Shares of MSCI Rise Above Previous 52-Week High

By David Diaz

Shares of MSCI (NASDAQ:MSCI) traded at a new 52-week high today of $85.83. So far today approximately 94,000 shares have been exchanged, as compared to an average 30-day volume of 564,000 shares.

MSCI Inc. provides investment decision support tools to investment institutions worldwide. The Company produces indices and risk and return portfolio analytics for use in managing investment portfolios.

Based on a current price of $85.73, MSCI is currently 16.6% above its average consensus analyst price target of $71.50. The stock should discover initial support at its 50-day moving average (MA) of $72.85 and subsequent support at its 200-day MA of $67.52.

Over the past year, MSCI has traded in a range of $41.16 to $85.83 and is now at $85.73, 108% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of MSCI on July 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.07. Since that recommendation, shares of MSCI have risen 10.1%. We continue to monitor MSCI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows

Ticker(s): MSCI