May 10, 2013 (52 Week high-lows via COMTEX) -- Shares of Asbury Automotive (NYSE:ABG) traded at a new 52-week high today of $42.77. Approximately 59,000 shares have changed hands today, as compared to an average 30-day volume of 276,000 shares.

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 $42.35, Asbury Automotive is currently 6.4% above its average consensus analyst price target of $39.62. The stock should discover initial support at its 50-day moving average (MA) of $36.94 and subsequent support at its 200-day MA of $32.05.

In the past 52 weeks, Asbury Automotive share prices have been bracketed by a low of $21.25 and a high of $42.77 and are now at $42.35, 99% above that low price. 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%.

---------------------------------------------------------------------------------------------

Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.

Copyright, Comtex News Network, Inc. 2013