Shares of KBR Inc. (NYSE:KBR) traded today at $29.02, eclipsing its 52-week high. Approximately 770,000 shares have changed hands today, as compared to an average 30-day volume of 918,000 shares.
KBR Inc. share prices have moved between a 52-week high of $29.02 and a 52-week low of $13.90 and are now trading 104% above that low price at $28.30 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has remained constant.
KBR, Inc. is a global engineering, construction, and services company supporting the energy, petrochemicals, government services, and civil infrastructure sectors. The Company offers a wide range of services through two business segments, Energy and Chemicals (E&C) and Government and Infrastructure (G&I).
Based on a current price of $28.30, KBR Inc. is currently 32.4% above its average consensus analyst price target of $19.14. The stock should find initial support at its 50-day moving average (MA) of $25.13 and further support at its 200-day MA of $22.40.
NetworkNewsWire is monitoring the Construction & Engineering Industry for any potential shift so investors can protect gains.
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness.
NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com