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Stock Investors Sell Off Shares of T Rowe Price, Down 1.4%

Published on Thu, 04/18/2013 - 10:33
By Adrienne Chilton

T Rowe Price (NASDAQ:TROW) is a company whose shares are active, trading 1.4% lower to $73.56. The Dow is trading fractionally lower to 14,594 and the S&P is currently trading fractionally lower to 1,549.

In the past 52 weeks, shares of T Rowe Price have traded between a low of $54.47 and a high of $77.14 and are now at $73.56, which is 35% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

T. Rowe Price Group Inc. is a financial services holding company. The Company, through its subsidiaries, provides investment advisory services to individual and institutional investors. T. Rowe manages a broad range of U.S. and international stock, blended asset, bond, and money market mutual funds and other investment portfolios.

T Rowe Price (NASDAQ:TROW) is currently priced 0.5% above its average consensus analyst price target of $73.18. The stock should hit resistance at its 50-day moving average (MA) of $73.85, as well as support at its 200-day MA of $66.72.

By Adrienne Chilton
achilton@fnno.com