Shares of Roper Industries are trading up 1.9% to $124.28 today on above average volume. About 508,000 shares have been traded today, as compared to the 30-day average volume of 419,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
Roper Industries, Inc. manufactures industrial controls, fluid handling, and analytical instrumentation products worldwide. Roper serves selected segments of a broad range of markets such as oil & gas, scientific research, medical diagnostics, semiconductor, refrigeration, automotive, water and wastewater, power generation, agricultural irrigation, and other niche industries.
Roper Industries share prices have moved between a 52-week high of $124.66 and a 52-week low of $91.31 and are now trading 36% above that low price at $124.28 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.
There is potential upside of 3.6% for shares of Roper Industries based on a current price of $124.28 and an average consensus analyst price target of $128.80. The stock should discover initial support at its 50-day moving average (MA) of $115.54 and subsequent support at its 200-day MA of $106.82.