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Shares of Nn Inc Has Fallen Below Previous 52-Week Low

By Shiri Gupta

Nn Inc (NASDAQ:NNBR) traded at a new 52-week low today of $16.00. So far today approximately 111,000 shares have been exchanged, as compared to an average 30-day volume of 197,000 shares.

Potential upside of 93.1% exists for Nn Inc, based on a current level of $16.05 and analysts' average consensus price target of $31.00. The stock should find initial resistance at its 50-day moving average (MA) of $19.42 and further resistance at its 200-day MA of $23.12.

NN, Inc., a diversified industrial company, combines advanced engineering and production capabilities with in-depth materials science expertise, to design and manufacture high-precision components and assemblies for a variety of markets on a global basis.

In the past 52 weeks, shares of Nn Inc have traded between the current low of $16.00 and a high of $32.90 and are now at $16.05. The 200-day and 50-day moving averages have moved 0.61% lower and 0.23% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Nn Inc on August 13th, 2018 by issuing a Downtrend alert when the shares were trading at $19.28. Since that call, shares of Nn Inc have fallen 13.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows nn inc

Ticker(s): NNBR