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Watch for Continued Gains in Shares of Albany Intl Corp (AIN)

By James Quinn

Albany Intl Corp (NYSE:AIN) traded at a new 52-week high today of $79.95. So far today approximately 165,000 shares have been exchanged, as compared to an average 30-day volume of 182,000 shares.

In the past 52 weeks, shares of Albany Intl Corp have traded between a low of $53.25 and a high of $79.95 and are now at $79.95, which is 50% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has risen 0.4%.

Albany Intl Corp (NYSE:AIN) defies analysts with a current price ($79.95) 16.8% above its average consensus price target of $66.50. The stock should find initial support at its 50-day moving average (MA) of $70.79 and further support at its 200-day MA of $64.78.

Albany International Corp. operates as a textiles and materials processing company. The Company designs and manufactures products and technologies help make paper smoother, tissue softer, and aircraft engines and structures lighter. Albany International serves customers globally.

SmarTrend recommended that subscribers consider buying shares of Albany Intl Corp on July 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.13. Since that recommendation, shares of Albany Intl Corp have risen 26.1%. We continue to monitor AIN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows albany intl corp

Ticker(s): AIN