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Shares of Zebra Tech Corp Rise to a New 52-Week High

By James Quinn

Zebra Tech Corp (NASDAQ:ZBRA) traded at a new 52-week high today of $178.96. This new high was reached on below average trading volume as 53,000 shares traded hands, while the average 30-day volume is approximately 383,000 shares.

Zebra Tech Corp (NASDAQ:ZBRA) is currently priced 10.4% above its average consensus analyst price target of $159.43. The stock should find initial support at its 50-day moving average (MA) of $157.25 and further support at its 200-day MA of $139.20.

In the past 52 weeks, Zebra Tech Corp share prices have been bracketed by a low of $46.13 and a high of $178.96 and are now at $177.96, 286% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.4%.

Zebra Technologies Corporation designs and manufactures enterprise mobile computers, advanced data capture devices, such as laser, 2D and RFID scanners and readers, and specialty printers for barcode labeling and personal identification. The Company also produces WLAN products, real-time location systems, related supplies, and application software.

SmarTrend recommended that subscribers consider buying shares of Zebra Tech Corp on August 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $160.01. Since that recommendation, shares of Zebra Tech Corp have risen 10.2%. We continue to monitor ZBRA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows zebra tech corp

Ticker(s): ZBRA