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Recent 52-Week High Exceeded in Shares of Lincoln Electric Holdings (LECO)

Published on Wed, 02/13/2013 - 15:20
By Mallory Stone

Shares of Lincoln Electric Holdings (NASDAQ:LECO) traded today at $55.81, breaking its 52-week high. Approximately 263,000 shares have changed hands today, as compared to an average 30-day volume of 299,000 shares.

Lincoln Electric Holdings (NASDAQ:LECO) is currently priced 6.8% above its average consensus analyst price target of $51.75. The stock should find initial support at its 50-day moving average (MA) of $50.64 and further support at its 200-day MA of $45.17.

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.

In the past 52 weeks, shares of Lincoln Electric Holdings have traded between a low of $37.63 and a high of $55.81 and are now at $55.51, which is 48% above that low price. The 200-day and 50-day moving averages have moved 0.26% higher and 1.00% higher over the past week, respectively.

By Mallory Stone
mstone@fnno.com

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