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Watch for Continued Losses in Shares of Federated Inv-B (FII)

By James Quinn

Shares of Federated Inv-B (NYSE:FII) traded at a new 52-week low today of $23.66. This new low was reached on below average trading volume as 75,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.

Federated Investors, Inc. provides investment management products and related financial services. The Company sponsors, markets, and provides investment-related services to various investment products, including mutual funds and separate accounts (which include separately managed accounts, institutional accounts, sub-advised funds and other managed products).

Federated Inv-B share prices have moved between a 52-week high of $36.76 and the current low of $23.66 and are currently at $23.71 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.9%.

Federated Inv-B has overhead space with shares priced $23.71, or 17.0% below the average consensus analyst price target of $28.56. The stock should run into initial resistance at its 50-day moving average (MA) of $27.24 and subsequent resistance at its 200-day MA of $31.06.

SmarTrend recommended that its subscribers protect gains by selling shares of Federated Inv-B on April 6th, 2018 by issuing a Downtrend alert when the shares were trading at $32.53. Since that call, shares of Federated Inv-B have fallen 26.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows federated inv-b

Ticker(s): FII