Today, shares of Woodward (NYSE:WWD) have advanced above their 10-day MA of $35.16 on a volume of 113K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Woodward has traded in a range of $30.16 to $43.19 and is now at $35.90, 19% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.
Woodward Inc.designs, manufactures, and services energy control systems and components for aircraft and industrial engines and turbines. The Company's products and services are used in the aerospace, power generation, oil and gas processing, and transportation markets, which includes rail, marine, and many light and heavy industrial applications.
Woodward (NYSE:WWD) has potential upside of 20.3% based on a current price of $35.90 and analysts' consensus price target of $43.20. The stock should run into initial resistance at its 200-day moving average (MA) of $36.35 and subsequent resistance at its 50-day MA of $37.55.