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Thomson Reuters: 52-Week High Recently Eclipsed (TRI)

By Amy Schwartz

Shares of Thomson Reuters (NYSE:TRI) traded at a new 52-week high today of $62.55. This new high was reached on below average trading volume as 214,000 shares traded hands, while the average 30-day volume is approximately 428,000 shares.

Thomson Reuters (NYSE:TRI) defies analysts with a current price ($62.36) 30.7% above its average consensus price target of $43.21. The stock should find initial support at its 50-day moving average (MA) of $58.09 and further support at its 200-day MA of $49.93.

Over the past year, Thomson Reuters has traded in a range of $36.52 to $62.55 and is now at $62.36, 71% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.9%.

Thomson Reuters Corporation is an electronic information and solutions company that serves the global business and professional marketplace. The Company provides proprietary online systems and CD-ROM products in information sectors such as legal and regulatory, financial, scientific reference and healthcare, and corporate training.

SmarTrend recommended that subscribers consider buying shares of Thomson Reuters on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.61. Since that recommendation, shares of Thomson Reuters have risen 22.9%. We continue to monitor TRI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Thomson Reuters

Ticker(s): TRI