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Shares of World Fuel Svcs Has Risen Above Previous 52-Week High

By David Diaz

Shares of World Fuel Svcs (NYSE:INT) traded at a new 52-week high today of $41.35. So far today approximately 130,000 shares have been exchanged, as compared to an average 30-day volume of 411,000 shares.

World Fuel Services Corporation markets aviation and marine fuel services. The Company provides aviation fuel and flight plans, weather reports, and other aviation related services to passenger, cargo, and charter airlines, as well as markets marine fuel and fuel management services to shipping companies and the US military.

In the past 52 weeks, World Fuel Svcs share prices have been bracketed by a low of $19.81 and a high of $41.35 and are now at $41.35, 109% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 1.2%.

World Fuel Svcs (NYSE:INT) defies analysts with a current price ($41.35) 21.4% above its average consensus price target of $32.50. The stock should discover initial support at its 50-day moving average (MA) of $37.73 and subsequent support at its 200-day MA of $30.51.

SmarTrend recommended that subscribers consider buying shares of World Fuel Svcs on June 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.69. Since that recommendation, shares of World Fuel Svcs have risen 25.7%. We continue to monitor INT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows world fuel svcs

Ticker(s): INT