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Shares of Thomson Reuters Rise to a New 52-Week High

By Nick Russo

Thomson Reuters (NYSE:TRI) traded at a new 52-week high today of $56.18. This new high was reached on below average trading volume as 77,000 shares traded hands, while the average 30-day volume is approximately 562,000 shares.

Thomson Reuters (NYSE:TRI) is currently priced 23.1% above its average consensus analyst price target of $43.21. The stock should find initial support at its 50-day moving average (MA) of $52.00 and further support at its 200-day MA of $46.47.

Thomson Reuters share prices have moved between a 52-week high of $56.18 and a 52-week low of $36.52 and are now trading 54% above that low price at $56.17 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.1%.

Thomson Reuters Corporation is an electronic information and solutions company that serves the global business and professional marketplace. The Company provides proprietary online systems and CD-ROM products in information sectors such as legal and regulatory, financial, scientific reference and healthcare, and corporate training.

SmarTrend recommended that subscribers consider buying shares of Thomson Reuters on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.61. Since that recommendation, shares of Thomson Reuters have risen 12.4%. We continue to monitor TRI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Thomson Reuters

Ticker(s): TRI