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Aerojet Rocketdy Looks to Continue to Trade Above its Annual-High Share Price Today

By Nick Russo

Aerojet Rocketdy (NYSE:AJRD) traded today at a new 52-week high of $52.84. This new high was reached on below average trading volume as 57,000 shares traded hands, while the average 30-day volume is approximately 745,000 shares.

Aerojet Rocketdyne Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, develops and manufactures propulsion systems for defense and space applications, as well as armaments for precision tactical and long-range weapon systems applications. Aerojet Rocketdyne Holdings also provides real estate services, including entitlement, sale, and leasing.

Aerojet Rocketdy (NYSE:AJRD) is currently priced 30.6% above its average consensus analyst price target of $36.67. The stock should discover initial support at its 50-day moving average (MA) of $48.06 and subsequent support at its 200-day MA of $39.67.

In the past 52 weeks, Aerojet Rocketdy share prices have been bracketed by a low of $29.40 and a high of $52.84 and are now at $52.84, 80% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 1.0%.

SmarTrend recommended that subscribers consider buying shares of Aerojet Rocketdy on August 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.49. Since that recommendation, shares of Aerojet Rocketdy have risen 4.1%. We continue to monitor AJRD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows aerojet rocketdy

Ticker(s): AJRD