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Recent 52-Week High Exceeded in Shares of Waddell & Reed Financial (WDR)

Published on Thu, 03/14/2013 - 14:35
By Robert Cotter

Waddell & Reed Financial (NYSE:WDR) traded today at a new 52-week high of $43.59. So far today approximately 495,000 shares have been exchanged, as compared to an average 30-day volume of 978,000 shares.

Based on a current price of $43.43, Waddell & Reed Financial is currently 10.0% above its average consensus analyst price target of $39.09. The stock should discover initial support at its 50-day moving average (MA) of $39.82 and subsequent support at its 200-day MA of $33.27.

In the past 52 weeks, shares of Waddell & Reed Financial have traded between a low of $26.55 and a high of $43.59 and are now at $43.43, which is 64% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.2%.

Waddell & Reed Financial, Inc., through its subsidiaries, serves as investment advisor and exclusive underwriter and distributor for a family of mutual funds. The Company's funds include the Waddell & Reed Advisors Funds, W&R Funds, Inc., Ivy Funds, and the W&R Target Funds, Inc.

By Robert Cotter
rcotter@fnno.com