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Watch for Shares of Autonation Inc (AN) to Approach Resistance at $51.93

By Shiri Gupta

Shares of Autonation Inc (NYSE:AN) have bullishly opened above the pivot of $51.10 today and have reached the first resistance level of $51.44. Analysts will be watching for a cross of the next upside pivot targets of $51.93 and $52.76.

Potential upside of 0.0% exists for Autonation Inc, based on a current level of $0.00 and analysts' average consensus price target of $58.18. The stock should find initial resistance at its 50-day moving average (MA) of $48.77 and further resistance at its 200-day MA of $55.52.

In the past 52 weeks, shares of Autonation Inc have traded between the current low of $0.00 and a high of $62.02 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Autonation Inc on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $55.39. Since that call, shares of Autonation Inc have fallen 8.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts autonation inc

Ticker(s): AN