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Clean Harbors Looks to Continue to Trade Below its Annual-Low Share Price Today

By David Diaz

Shares of Clean Harbors (NYSE:CLH) traded at a new 52-week low today of $29.45. This new low was reached on below average trading volume as 74,000 shares traded hands, while the average 30-day volume is approximately 508,000 shares.

Potential upside of 80.4% exists for Clean Harbors, based on a current level of $32.84 and analysts' average consensus price target of $59.25. The stock should run into initial resistance at its 200-day moving average (MA) of $76.45 and subsequent resistance at its 50-day MA of $77.05.

In the past 52 weeks, Clean Harbors share prices have been bracketed by a current low of $29.45 and a high of $88.40 and are now at $32.84. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 3.3%.

Clean Harbors, Inc. provides a variety of environmental remediation and industrial waste management services to customers in the United States and Puerto Rico. The Company's services include treatment and disposal of hazardous and non-hazardous solid and liquid waste, surface remediation, groundwater restoration, and waste packaging, as well as analytical testing and consulting.

SmarTrend is tracking the current trend status for Clean Harbors and will alert subscribers who have CLH in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows clean harbors

Ticker(s): CLH