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Stock Investors Bid Up Shares of Lithia Motors, Up 1.3%

Published on Fri, 02/15/2013 - 11:32
By Adrienne Chilton

One of today's notable stocks on the rise is Lithia Motors (NYSE:LAD), up 1.3% to $43.63. The S&P is trading fractionally higher to 1,522 and the Dow is trading fractionally higher to 13,988.

Over the past year, Lithia Motors has traded in a range of $21.45 to $44.80 and is now at $43.63, 103% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 1.0%.

Lithia Motors, Inc. retail sells new and used vehicles in the western United States. The Company offers domestic and imported makes of new automobiles and light trucks through dealerships in California, Oregon, Washington, and Nevada. Lithia also arranges related financing and insurance contracts, as well as provides vehicle parts, maintenance, and repair services.

Lithia Motors (NYSE:LAD) defies analysts with a current price ($43.63) 0.5% above its average consensus price target of $43.43. Lithia Motors shares have support at the 50-day moving average (MA) of $39.28 and additional support at the 200-day MA of $31.64.

By Adrienne Chilton
achilton@fnno.com

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