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Snap-On Inc: The Winning Streak Continues (SNA)

By Shiri Gupta

Snap-On Inc (NYSE:SNA) traded at a new 52-week high today of $187.83. So far today approximately 76,000 shares have been exchanged, as compared to an average 30-day volume of 469,000 shares.

Snap-On Inc share prices have moved between a 52-week high of $187.83 and a 52-week low of $141.63 and are now trading 32% above that low price at $187.31 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

Snap-on Incorporated develops, manufactures, and distributes tool and equipment solutions worldwide. The Company's products include hand and power tools, diagnostics and shop equipment, tool storage products, diagnostics software, and other solutions for the automotive service industry. Customers include professional service technicians and motor service shop owners, among others.

Snap-On Inc (NYSE:SNA) defies analysts with a current price ($187.31) 4.0% above its average consensus price target of $179.86. The stock should find initial support at its 50-day moving average (MA) of $171.79 and further support at its 200-day MA of $162.82.

SmarTrend recommended that subscribers consider buying shares of Snap-On Inc on April 19th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $153.85. Since that recommendation, shares of Snap-On Inc have risen 21.2%. We continue to monitor SNA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows snap-on inc

Ticker(s): SNA