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Stock Investors Bid Up Shares of Genesee & Wyoming, Up 3.5%

Published on Wed, 02/13/2013 - 11:15
By Robert Cotter

Up 3.5% to $87.72, Genesee & Wyoming (NYSE:GWR), is one of today's notable movers. The S&P is currently trading fractionally higher to 1,522 and the Dow Jones Industrial Average is trading fractionally lower to 13,998.

Genesee & Wyoming share prices have moved between a 52-week high of $90.00 and a 52-week low of $47.08 and are now trading 86% above that low price at $87.72 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.8%.

Genesee & Wyoming Inc., through its subsidiaries, owns and operates short line and regional freight railroads and provides related rail services. The Company also provides railroad switching and related services to United States industries with extensive railroad facilities within their complexes. Genessee operates in the United States and Australia.

Based on a current price of $87.72, Genesee & Wyoming is currently 0.0% above its average consensus analyst price target of $87.71. The stock should discover initial support at its 50-day moving average (MA) of $79.41 and subsequent support at its 200-day MA of $65.93.

By Robert Cotter