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Stock Investors Bid Up Shares of LMI Aerospace, Up 2.2%

Published on Fri, 04/19/2013 - 12:26
By Adrienne Chilton

One of today's stocks on the move is LMI Aerospace (NASDAQ:LMIA), up 2.2% to $20.62. The S&P is trading higher by 0.5% to 1,550 and the Dow is trading 0.3% lower to 14,499.

LMI Aerospace has overhead space with shares priced $20.62, or 29.7% below the average consensus analyst price target of $29.33. The stock should hit resistance at its 50-day moving average (MA) of $21.77, as well as support at its 200-day MA of $20.10.

LMI Aerospace share prices have moved between a 52-week high of $23.20 and a 52-week low of $14.97 and are now trading 38% above that low price at $20.62 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.5%.

LMI Aerospace, Inc. fabricates, machines, finishes, and integrates formed, close tolerance aluminum and specialty alloy components for use by the aerospace industry. The Company's components include leading edge wing slats, flaps, lens assemblies, cockpit window frame assemblies, fuselage skins and supports, and passenger and cargo door frames and supports.

By Adrienne Chilton
achilton@fnno.com