Shares of Lincoln Electric Holdings (NASDAQ:LECO) traded today at $41.05, breaking its 52-week high. This new high was reached on below average trading volume as 182,000 shares traded hands, while the average 30-day volume is approximately 265,000 shares.
Lincoln Electric Holdings has overhead space with shares priced $40.81, or 21.1% below the average consensus analyst price target of $51.75. Lincoln Electric Holdings shares have support at the 50-day moving average (MA) of $38.01 and additional support at the 200-day MA of $35.53.
Over the past year, Lincoln Electric Holdings has traded in a range of $26.84 to $41.05 and is now at $40.81, 52% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.
Lincoln Electric Holdings, Inc. designs and manufactures welding and cutting products. The Company's products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes, fluxes, and regulators and torches used in oxy-fuel welding and cutting.
