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Zayo Group Holdi Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Shares of Zayo Group Holdi (NYSE:ZAYO) traded today at $39.59, breaking its 52-week high. Approximately 361,000 shares have changed hands today, as compared to an average 30-day volume of 2.6 million shares.

Zayo Group Holdi (NYSE:ZAYO) has potential upside of 6.8% based on a current price of $39.53 and analysts' consensus price target of $42.22. The stock should discover initial support at its 200-day moving average (MA) of $35.72 and subsequent support at its 50-day MA of $35.66.

Zayo Group Holdi share prices have moved between a 52-week high of $39.59 and a 52-week low of $29.73 and are now trading 33% above that low price at $39.53 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

Zayo Group Holdings, Inc. is a global provider of bandwidth infrastructure services, including dark fiber, wavelengths, SONET, Ethernet, IP services, and carrier-neutral colocation and interconnection.

SmarTrend is tracking the current trend status for Zayo Group Holdi and will alert subscribers who have ZAYO in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows zayo group holdi

Ticker(s): ZAYO