Today, shares of Exterran Holdings (NYSE:EXH) have crossed bullishly above their 10-day moving average of $43.52 on a volume of 142K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Exterran Holdings has traded in a range of $26.50 to $45.90 and is now at $43.68, 65% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.6%.
There is potential upside of 13.3% for shares of Exterran Holdings based on a current price of $43.68 and an average consensus analyst price target of $49.50. The stock should find initial support at its 50-day moving average (MA) of $43.21 and further support at its 200-day MA of $37.64.
Exterran Holdings Inc. is a holding company. The Company, through its subsidiaries, provides natural gas compression services as well as provides service, fabrication and equipment for oil and natural gas production, processing and transportation applications.