Shares of Oshkosh Has Fallen Below Previous 52-Week Low
Oshkosh (NYSE:OSK) traded at a new 52-week low today of $39.72. This new low was reached on below average trading volume as 324,000 shares traded hands, while the average 30-day volume is approximately 670,000 shares.
Oshkosh Corporation designs, manufactures, and markets fire and emergency apparatus and specialty commercial and military trucks. The Company provides products such as pumpers, aerial and ladder trucks, tankers, rescue vehicles, snow removal vehicles, refuse truck bodies, and concrete mixers.
There is potential upside of 39.3% for shares of Oshkosh based on a current price of $40.65 and an average consensus analyst price target of $56.62. Oshkosh shares should first meet resistance at the 50-day moving average (MA) of $46.98 and find additional resistance at the 200-day MA of $52.79.
Over the past year, Oshkoshhas traded in a range of $39.72 to $60.45 and are now at $40.65. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.3%.
SmarTrend recommended that its subscribers protect gains by selling shares of Oshkosh on July 29th, 2014 by issuing a Downtrend alert when the shares were trading at $48.13. Since that call, shares of Oshkosh have fallen 16.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: 52 week high/lows oshkosh