Sound Technicals and Healthy Performance
Technical indicators show that Apogee has been above its 200-day moving average since late 2011. Moreover, after a series of ebbs and flows, the stock is currently trading above its 50-day moving average. Interestingly, following a golden crossover in January 2012, the 50-day moving average continues to read higher than the 200-day moving average, manifesting the bullish trend.
On the performance front, Apogee has outperformed the S&P 500 over the past year and has delivered a year-to-date return of 39% versus 6% for the benchmark.
Founded in 1949, Apogee Enterprises Inc. is a leader in technologies for the design and development of value-added glass products, services and systems. The company’s larger Architectural segment is engaged in designing, engineering, fabricating, installing and renovating windows and walls of glass that make up the outside of the commercial buildings. The smaller Large-Scale Optical Technologies segment makes value-added glass and acrylic products for the custom framing market as well as optical thin film coatings for consumer electronic displays.
APOGEE ENTRPRS (APOG): Free Stock Analysis Report
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