• Return to Headlines

Watch for Continued Losses in Shares of Barnes Group Inc (B)

By Nick Russo

Barnes Group Inc (NYSE:B) traded today at a new 52-week low of $44.06. This new low was reached on below average trading volume as 66,000 shares traded hands, while the average 30-day volume is approximately 185,000 shares.

In the past 52 weeks, shares of Barnes Group Inc have traded between the current low of $44.06 and a high of $72.70 and are now at $44.42. The 200-day and 50-day moving averages have moved 0.38% lower and 0.83% lower over the past week, respectively.

Potential upside of 39.0% exists for Barnes Group Inc, based on a current level of $44.42 and analysts' average consensus price target of $61.75. The stock should run into initial resistance at its 50-day moving average (MA) of $52.70 and subsequent resistance at its 200-day MA of $55.24.

Barnes Group Inc. is an international industrial and aerospace manufacturer and service provider, serving a wide range of end markets and customers. The engineered products and services provided are used in applications that provide transportation, communication, manufacturing, and technology to the world.

SmarTrend recommended that its subscribers protect gains by selling shares of Barnes Group Inc on July 11th, 2019 by issuing a Downtrend alert when the shares were trading at $53.20. Since that call, shares of Barnes Group Inc have fallen 15.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows barnes group inc

Ticker(s): B