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Shares of Vector Group Has Fallen Below Previous 52-Week Low

By James Quinn

Shares of Vector Group (NYSE:VGR) traded at a new 52-week low today of $20.10. So far today approximately 61,000 shares have been exchanged, as compared to an average 30-day volume of 732,000 shares.

Vector Group (NYSE:VGR) has potential upside of 27.9% based on a current price of $20.10 and analysts' consensus price target of $25.71. Vector Group shares should first meet resistance at the 50-day moving average (MA) of $22.23 and find additional resistance at the 200-day MA of $23.34.

In the past 52 weeks, Vector Group share prices have been bracketed by a current low of $20.10 and a high of $25.87 and are now at $20.10. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.6%.

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes and low nicotine and nicotine-free products in the United States. The Company is also involved in the real estate business.

SmarTrend recommended that its subscribers protect gains by selling shares of Vector Group on September 30th, 2016 by issuing a Downtrend alert when the shares were trading at $21.63. Since that call, shares of Vector Group have fallen 6.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows vector group

Ticker(s): VGR