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Gibraltar Industries Climbs Above 50-Day And 200-Day Moving Averages On Upgrade

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Gibraltar Industries (ROCK) climbed more than 25% on Monday after a Piper Jaffray analyst upgraded the stock to a Buy rating. The stock gapped open higher and continued to climb throughout the first half of the day. Although it pared a portion of its gain in the afternoon, ROCK still closed up $3.15 at $15.61 on heavy volume.

The stock moved above resistance with the gain, crossing its 50-day and 200-day moving averages to set a three week closing high.

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