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Buyers Accumulate Shares of Lufkin Industries, Up 1.8%

Published on Fri, 01/04/2013 - 11:20
By Mallory Stone

Lufkin Industries (NASDAQ:LUFK) is a company whose shares are active, trading 1.8% higher to $57.92. The S&P is trading fractionally higher to 1,461 and the Dow is trading fractionally lower to 13,390.

There is potential upside of 20.4% for shares of Lufkin Industries based on a current price of $57.92 and an average consensus analyst price target of $69.71. The stock should hit resistance at its 200-day moving average (MA) of $58.65, as well as support at its 50-day MA of $54.27.

In the past 52 weeks, shares of Lufkin Industries have traded between a low of $45.11 and a high of $85.68 and are now at $57.92, which is 28% above that low price. The 200-day and 50-day moving averages have moved 0.54% lower and 0.16% higher over the past week, respectively.

Lufkin Industries, Inc. designs, manufactures, sells, and services oil field pumping units, power transmission products, foundry castings, and highway trailers. The Company sells its products around the world.

By Mallory Stone
mstone@fnno.com

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