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Shares of Lexmark International Receive a Boost, Up 2.1%

Published on Wed, 06/26/2013 - 12:50
By Robert Cotter

Lexmark International (NYSE:LXK) is a company whose shares are active, trading 2.1% higher to $30.24. The Dow is up 0.7% to 14,871 and the S&P is currently up 0.7% to 1,600.

Lexmark International, Inc. develops, manufactures, and supplies printing and imaging solutions for offices and homes. The Company's products include laser printers, inkjet printers, multifunction devices, and associated supplies, services and solutions.

Lexmark International (NYSE:LXK) is currently priced 21.9% above its average consensus analyst price target of $23.62. The stock should discover initial support at its 50-day moving average (MA) of $29.91 and subsequent support at its 200-day MA of $25.37.

In the past 52 weeks, shares of Lexmark International have traded between a low of $16.10 and a high of $32.42 and are now at $30.24, which is 88% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.5%.

By Robert Cotter
rcotter@fnno.com

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