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Watch for Continued Gains in Shares of Burlington Store (BURL)

By Amy Schwartz

Shares of Burlington Store (NYSE:BURL) traded today at $142.00, breaking its 52-week high. This new high was reached on below average trading volume as 130,000 shares traded hands, while the average 30-day volume is approximately 895,000 shares.

Burlington Stores, Inc. owns and operates clothing retail stores. The Company offers, through its stores and internet sites, men's, women's, and children's apparel. Burlington Holding operates within the United States and Puerto Rico.

Burlington Store share prices have moved between a 52-week high of $142.00 and a 52-week low of $60.62 and are now trading 134% above that low price at $141.91 per share. The 200-day and 50-day moving averages have moved 0.05% higher and 0.28% higher over the past week, respectively.

Burlington Store (NYSE:BURL) defies analysts with a current price ($141.91) 3.6% above its average consensus price target of $136.85. The stock should find initial support at its 50-day moving average (MA) of $55.88 and further support at its 200-day MA of $51.16.

SmarTrend recommended that subscribers consider buying shares of Burlington Store on March 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $128.53. Since that recommendation, shares of Burlington Store have risen 8.8%. We continue to monitor BURL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows burlington store

Ticker(s): BURL