One of today's stocks on the move is LMI Aerospace (NASDAQ:LMIA), up 2.2% to $10.18. The Dow is trading fractionally higher to 18,042 and the S&P is currently trading fractionally higher to 2,110.
In the past 52 weeks, shares of LMI Aerospace have traded between a low of $9.90 and a high of $15.39 and are now at $10.18, which is 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.6% while the 200-day MA has slid 0.7%.
Potential upside of 37.5% exists for LMI Aerospace, based on a current level of $10.18 and analysts' average consensus price target of $14.00. The stock should find initial resistance at its 50-day moving average (MA) of $11.40 and further resistance at its 200-day MA of $13.17.
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.