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Robbins & Myers Shares Climbing Higher, Up 2.5%

Published on Tue, 02/05/2013 - 11:21
By Adrienne Chilton

One of today's stocks on the move is Robbins & Myers (NYSE:RBN), up 2.5% to $59.25. The Dow Jones Industrial Average is now trading 0.8% higher to 13,996 and the S&P is trading 0.9% higher to 1,509.

Over the past year, Robbins & Myers has traded in a range of $37.90 to $60.19 and is now at $59.25, 56% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.2%.

Robbins & Myers has overhead space with shares priced $59.25, or 1.3% below the average consensus analyst price target of $60.00. The stock should find resistance at its 50-day moving average (MA) of $59.37, as well as support at its 200-day MA of $53.93.

Robbins & Myers, Inc. manufactures and markets fluids management products and systems. The Company serves a variety of industries, including the pharmaceutical, oil and gas production, wastewater treatment, food and beverage, and pulp and paper industries. Robbins operates facilities in the United States, Canada, Europe, Brazil, Mexico, Singapore, China, India, and Taiwan.

By Adrienne Chilton
achilton@fnno.com

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