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Shares of Hertz Global Have Risen Above Previous 52-Week High

Published on Mon, 01/07/2013 - 15:13
By Peter Chu

Shares of Hertz Global (NYSE:HTZ) traded at a new 52-week high today of $17.39. So far today approximately 9.3 million shares have been exchanged, as compared to an average 30-day volume of 6.9 million shares.

Hertz Global Holdings, Inc. operates car and equipment rental centers throughout the United States and Europe.

There is potential upside of 24.0% for shares of Hertz Global based on a current price of $17.29 and an average consensus analyst price target of $21.43. The stock should discover initial support at its 50-day moving average (MA) of $15.20 and subsequent support at its 200-day MA of $14.04.

Over the past year, Hertz Global has traded in a range of $10.22 to $17.39 and is now at $17.29, 69% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.2%.

By Peter Chu
pchu@fnno.com