Up 1.8% to $23.04, LMI Aerospace (NASDAQ:LMIA), is one of today's notable movers. The S&P is currently trading fractionally higher to 1,517 and the Dow Jones Industrial Average is trading fractionally higher to 14,009.
Potential upside of 27.3% exists for LMI Aerospace, based on a current level of $23.04 and analysts' average consensus price target of $29.33. The stock should discover initial support at its 50-day moving average (MA) of $20.75 and subsequent support at its 200-day MA of $19.23.
Over the past year, LMI Aerospace has traded in a range of $14.97 to $23.20 and is now at $23.04, 54% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.7%.
LMI Aerospace, Inc. fabricates, machines, finishes, and integrates formed, close tolerance aluminum and specialty alloy components for use by the aerospace industry. The Company's components include leading edge wing slats, flaps, lens assemblies, cockpit window frame assemblies, fuselage skins and supports, and passenger and cargo door frames and supports.