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Shares of ALG Up 20.6% Since Uptrend Call on Shares

By David Diaz

SmarTrend identified an Uptrend for Alamo Group (NYSE:ALG) on January 11th, 2019 at $81.41. In approximately 2 months, Alamo Group has returned 20.64% as of today's recent price of $98.22.

In the past 52 weeks, shares of Alamo Group have traded between a low of $72.50 and a high of $119.16 and are now at $98.10, which is 35% above that low price. The 200-day and 50-day moving averages have moved 0.01% higher and 1.97% higher over the past week, respectively.

Alamo Group Inc. designs, manufactures, and distributes heavy duty, tractor-mounted mowing and vegetation maintenance equipment and replacement parts, for industrial and agricultural end-users. The Company sells its products in Europe and the United States.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Alamo Group shares.

Log in and add Alamo Group (ALG) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights alamo group

Ticker(s): ALG