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Shares of H&E Equipment Services Receive a Boost, Up 2.9%

Published on Wed, 02/20/2013 - 11:17
By Robert Cotter

Up 2.9% to $20.64, H&E Equipment Services (NASDAQ:HEES), is one of today's notable movers. The S&P is currently trading 0.3% lower to 1,527 and the Dow Jones Industrial Average is trading fractionally lower to 14,034.

H&E Equipment Services, Inc. is an integrated equipment services company focused on heavy construction and industrial equipment. The Company rents, sells, and provides parts and service support for hi-lift or aerial platform equipment, cranes, earthmoving equipment, and industrial lift trucks.

There is potential upside of 6.6% for shares of H&E Equipment Services based on a current price of $20.64 and an average consensus analyst price target of $22.00. The stock should find initial support at its 50-day moving average (MA) of $17.54 and further support at its 200-day MA of $16.06.

In the past 52 weeks, shares of H&E Equipment Services have traded between a low of $6.80 and a high of $21.00 and are now at $20.64, which is 204% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

By Robert Cotter
rcotter@fnno.com