Lithia Motors Looks to Continue to Trade Above its Annual-High Share Price Today

Published on Mon, 06/08/2015 - 14:54
By Adrienne Chilton in 52 Week high-lows, LAD, 52 week high/lows, lithia motors, nyse:lad

Shares of Lithia Motors (NYSE:LAD) traded today at $115.08, breaking its 52-week high. So far today approximately 210,000 shares have been exchanged, as compared to an average 30-day volume of 295,000 shares.

Over the past year, Lithia Motors has traded in a range of $63.05 to $115.08 and is now at $114.15, 81% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.5%.

Lithia Motors (NYSE:LAD) defies analysts with a current price ($114.15) 0.9% above its average consensus price target of $113.12. The stock should discover initial support at its 50-day moving average (MA) of $103.51 and subsequent support at its 200-day MA of $88.33.

Lithia Motors, Inc. retail sells new and used vehicles in the western United States. The Company offers domestic and imported makes of new automobiles and light trucks through dealerships in California, Oregon, Washington, and Nevada. Lithia also arranges related financing and insurance contracts, as well as provides vehicle parts, maintenance, and repair services.

By Adrienne Chilton
achilton@fnno.com

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