Apogee Enterprises: The Losing Streak Continues (APOG)

Shares of Apogee Enterprises (NASDAQ:APOG) traded at a new 52-week low today of $7.79. This new low was reached on approximately average trading volume as 117,000 shares traded hands, while the average 30-day volume is approximately 165,000 shares.

Over the past year, Apogee Enterpriseshas traded in a range of $7.79 to $14.82 and are now at $7.96. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 2.3%.

Apogee Enterprises, Inc. designs and develops value-added glass products, services, and systems. The Company's products include architectural glass, glass coatings for the electronics markets, and replacement auto glass. The Company also provides building glass installation and replacement services. Apogee Enterprises operates around the world.

There is potential upside of 98.7% for shares of Apogee Enterprises based on a current price of $8.01 and an average consensus analyst price target of $15.92. The stock should find initial resistance at its 50-day moving average (MA) of $9.95 and further resistance at its 200-day MA of $12.46.