May 10, 2013 (Market movers via COMTEX) -- One of today's stocks on the move is Asbury Automotive (NYSE:ABG), up 1.7% to $42.47. The Dow Jones Industrial Average is now trading fractionally lower to 15,066 and the S&P is trading fractionally lower to 1,626.
Over the past year, Asbury Automotive has traded in a range of $21.25 to $42.65 and is now at $42.47, 100% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.9%.
Asbury Automotive (NYSE:ABG) is currently priced 6.7% above its average consensus analyst price target of $39.62. The stock should find initial support at its 50-day moving average (MA) of $36.94 and further support at its 200-day MA of $32.05.
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.
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