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Werner Ent Looks to Continue to Trade Above its Annual-High Share Price Today

By Shiri Gupta

Shares of Werner Ent (NASDAQ:WERN) traded at a new 52-week high today of $33.80. So far today approximately 107,000 shares have been exchanged, as compared to an average 30-day volume of 726,000 shares.

Werner Ent (NASDAQ:WERN) is currently priced 16.6% above its average consensus analyst price target of $28.00. Werner Ent shares have support at the 50-day moving average (MA) of $26.74 and additional support at the 200-day MA of $26.19.

Werner Ent share prices have moved between a 52-week high of $33.80 and a 52-week low of $21.35 and are now trading 57% above that low price at $33.58 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.4%.

Werner Enterprises, Inc. is a transportation company that primarily hauls truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates in the continental United States, as well as in Canada and Mexico.

SmarTrend recommended that subscribers consider buying shares of Werner Ent on April 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.23. Since that recommendation, shares of Werner Ent have risen 17.3%. We continue to monitor WERN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows werner ent

Ticker(s): WERN