Lear (NYSE:LEA) traded at a new 52-week high today of $95.18. This new high was reached on approximately average trading volume as 691,000 shares traded hands, while the average 30-day volume is approximately 684,000 shares.
Lear Corporation provides seating systems, electrical distribution systems and electronic products. Lear also offers its customers design, engineering, validation, and project management support.
In the past 52 weeks, Lear share prices have been bracketed by a low of $63.15 and a high of $95.18 and are now at $94.65, 50% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.0%.
Lear has overhead space with shares priced $94.65, or 4.2% below the average consensus analyst price target of $98.78. The stock should discover initial support at its 50-day moving average (MA) of $88.11 and subsequent support at its 200-day MA of $81.54.