Shares of Lexmark International (NYSE:LXK) opened today above their pivot of $24.97 and have already reached the first level of resistance at $25.28. Analysts will be watching for a cross of the next upside pivot targets of $25.61 and $26.25.
Over the past year, Lexmark International has traded in a range of $16.10 to $38.34 and is now at $25.41, 58% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.7%.
Lexmark International, Inc. develops, manufactures, and supplies printing and imaging solutions for offices and homes. The Company's products include laser printers, inkjet printers, multifunction devices, and associated supplies, services and solutions.
Based on a current price of $25.41, Lexmark International is currently 23.0% above its average consensus analyst price target of $19.57. The stock should hit resistance at its 200-day moving average (MA) of $25.93, as well as support at its 50-day MA of $22.35.