Lindsay (NYSE:LNN), a company whose shares are moving quickly, is trading 2.3% lower to $59.36. The Dow Jones Industrial Average is now trading 0.3% lower to 12,667 and the S&P is trading 0.3% lower to 1,312.
Potential upside of 10.1% exists for Lindsay, based on a current level of $59.36 and analysts' average consensus price target of $65.33. Lindsay shares should encounter resistance at the 200-day moving average (MA) of $60.36 and support at the 50-day MA of $55.16.
Lindsay Corporation manufactures and markets center pivot and lateral move irrigation equipment, as well as large diameter steel tubing, for use to irrigate agricultural crops. The Company also provides outsourced manufacturing and production services to original equipment manufacturers in the United States.
Lindsay share prices have moved between a 52-week high of $85.87 and a 52-week low of $46.03 and are now trading 29% above that low price at $59.36 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.
