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Shares of Spx Corp Rise Above Previous 52-Week High

By James Quinn

Spx Corp (NYSE:SPXC) traded today at a new 52-week high of $37.85. So far today approximately 142,000 shares have been exchanged, as compared to an average 30-day volume of 225,000 shares.

Spx Corp (NYSE:SPXC) is currently priced 3.0% above its average consensus analyst price target of $36.50. The stock should discover initial support at its 50-day moving average (MA) of $33.43 and subsequent support at its 200-day MA of $30.98.

In the past 52 weeks, Spx Corp share prices have been bracketed by a low of $23.41 and a high of $37.85 and are now at $37.62, 61% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.6%.

SPX Corporation is, along with its subsidiaries, a global supplier of infrastructure equipment with operations in heating, ventilation and air conditioning (HVAC), and detection and measurement markets. The Company primarily serves the power and energy markets.

SmarTrend recommended that subscribers consider buying shares of Spx Corp on February 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.73. Since that recommendation, shares of Spx Corp have risen 15.4%. We continue to monitor SPXC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows spx corp

Ticker(s): SPXC