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Spirit Aerosys-A: 52-Week High Recently Eclipsed (SPR)

By David Diaz

Shares of Spirit Aerosys-A (NYSE:SPR) traded at a new 52-week high today of $73.92. So far today approximately 71,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.

Spirit AeroSystems Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, designs and manufactures aerostructures including fuselages, propulsion systems, and wing systems for commercial and military aircrafts. Spirit AeroSystems serves clients globally.

Spirit Aerosys-A (NYSE:SPR) is currently priced 16.0% above its average consensus analyst price target of $61.76. The stock should find initial support at its 200-day moving average (MA) of $49.22 and further support at its 50-day MA of $46.53.

Spirit Aerosys-A share prices have moved between a 52-week high of $73.92 and a 52-week low of $41.27 and are now trading 78% above that low price at $73.55 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of Spirit Aerosys-A on June 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.42. Since that recommendation, shares of Spirit Aerosys-A have risen 30.2%. We continue to monitor SPR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows spirit aerosys-a

Ticker(s): SPR