May 06, 2013 (Market movers via COMTEX) -- One of today's stocks on the move is Asbury Automotive (NYSE:ABG), up 2.0% to $41.60. The S&P is currently trading 0.2% higher to 1,618 and the Dow Jones Industrial Average is trading fractionally higher to 14,977.
In the past 52 weeks, Asbury Automotive share prices have been bracketed by a low of $21.25 and a high of $41.71 and are now at $41.60, 96% above that low price. The 200-day and 50-day moving averages have moved 1.14% higher and 1.31% higher over the past week, respectively.
Asbury Automotive Group Inc. is an automotive retailer operating franchises and dealership locations in the United States. The Company offers new and used vehicles and related financing and insurance, vehicle maintenance and repair services, replacement parts, and service contracts. Asbury's dealerships are primarily either luxury or mid-line import brands.
Asbury Automotive (NYSE:ABG) is currently priced 4.7% above its average consensus analyst price target of $39.62. The stock should find initial support at its 50-day moving average (MA) of $36.25 and further support at its 200-day MA of $31.75.
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