• Return to Headlines

Summit Materia-A Looks to Continue to Trade Above its Annual-High Share Price Today

By Nick Russo

Shares of Summit Materia-A (NYSE:SUM) traded today at $30.08, breaking its 52-week high. So far today approximately 192,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.

Summit Materials, Inc. manufactures cement and concrete products. The Company produces cement and ready mix products which includes blocks, pipes, bricks, walls, and girders. Summit Materials serves customers in the United States.

In the past 52 weeks, Summit Materia-A share prices have been bracketed by a low of $17.27 and a high of $30.08 and are now at $29.84, 73% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 2.0%.

Summit Materia-A has overhead space with shares priced $29.84, or 9.2% below the average consensus analyst price target of $32.87. The stock should discover initial support at its 200-day moving average (MA) of $20.67 and subsequent support at its 50-day MA of $19.73.

SmarTrend is monitoring the recent change of momentum in Summit Materia-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Summit Materia-A in search of a potential trend change.

Keywords: 52 week high/lows summit materia-a

Ticker(s): SUM