Shares of Cooper Tire & Rubber (NYSE:CTB) traded today at $27.18, breaking its 52-week high. Approximately 1.5 million shares have changed hands today, as compared to an average 30-day volume of 538,000 shares.
Cooper Tire & Rubber Company manufactures and markets replacement tires. The Company focuses on the manufacture and sale of passenger and light truck replacement tires. Cooper also manufactures radial medium truck tires and materials and equipment for the truck tire retread industry.
There is potential upside of 10.1% for shares of Cooper Tire & Rubber based on a current price of $26.80 and an average consensus analyst price target of $29.50. The stock should discover initial support at its 50-day moving average (MA) of $25.65 and subsequent support at its 200-day MA of $20.81.
Over the past year, Cooper Tire & Rubber has traded in a range of $13.82 to $27.18 and is now at $26.80, 94% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 0.2%.