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Shares of Pitney Bowes Inc Has Fallen Below Previous 52-Week Low

By David Diaz

Shares of Pitney Bowes Inc (NYSE:PBI) traded at a new 52-week low today of $3.17. This new low was reached on below average trading volume as 481,000 shares traded hands, while the average 30-day volume is approximately 2.4 million shares.

Pitney Bowes Inc (NYSE:PBI) has potential upside of 302.2% based on a current price of $3.17 and analysts' consensus price target of $12.75. The stock should run into initial resistance at its 50-day moving average (MA) of $4.06 and subsequent resistance at its 200-day MA of $6.05.

Pitney Bowes Inc. sells, finances, rents, and services integrated mail and document management systems. The Company offers a full suite of equipment, supplies software and services for end-to-end mailstream solutions.

Over the past year, Pitney Bowes Inchas traded in a range of $3.17 to $8.56 and are now at $3.17. The 200-day and 50-day moving averages have moved 0.83% lower and 0.66% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Pitney Bowes Inc on March 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $6.53. Since that call, shares of Pitney Bowes Inc have fallen 49.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows pitney bowes inc

Ticker(s): PBI