SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Traders Get Bullish on Shares of GT Advanced Technologies , Shares Up 7.9% (GTAT)

[January 02, 2013]

Traders Get Bullish on Shares of GT Advanced Technologies , Shares Up 7.9% (GTAT)

Jan 02, 2013 (SmarTrend(R) Spotlight via COMTEX) -- GT Advanced Technologies (NASDAQ:GTAT) is one of today's best performing low-priced stocks, up 7.9% to $3.27 on 1.1x average daily volume. GT Advanced Technologies has traded 3.9 million shares thus far today, vs. average volume of 3.7 million shares per day. The stock has outperformed the Dow (7.9% to the Dow's 1.7%) and outperformed the S&P 500 (7.9% to the S&P's 1.7%) during today's trading.


GT Advanced Technologies (NASDAQ:GTAT) has potential upside of 29.3% based on a current price of $3.27 and analysts' consensus price target of $4.23. The stock should find initial resistance at its 50-day moving average (MA) of $3.67 and further resistance at its 200-day MA of $5.26.

In the past 52 weeks, shares of GT Advanced Technologies have traded between a low of $2.82 and a high of $17.50 and are now at $3.27, which is 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.9% while the 200-day MA has slid 2%.

GT Advanced Technologies Inc. manufactures solar power equipment. The Company is a global provider of polysilicon production technology, crystalline ingot growth systems and related photovoltaic manufacturing services for the solar industry.

SmarTrend recommended that its subscribers protect gains by selling shares of GT Advanced Technologies on October 10th, 2012 by issuing a Downtrend alert when the shares were trading at $4.95. Since that call, shares of GT Advanced Technologies have fallen 38.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.