May 08, 2013 (52 Week high-lows via COMTEX) -- Shares of Asbury Automotive (NYSE:ABG) traded at a new 52-week high today of $42.59. Approximately 103,000 shares have changed hands today, as compared to an average 30-day volume of 279,000 shares.

Over the past year, Asbury Automotive has traded in a range of $21.25 to $42.59 and is now at $42.53, 100% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.7%.

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.

Based on a current price of $42.53, Asbury Automotive is currently 6.8% above its average consensus analyst price target of $39.62. The stock should discover initial support at its 50-day moving average (MA) of $36.59 and subsequent support at its 200-day MA of $31.90.

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