Shares of Fushi Copperweld (NASDAQ:FSIN) traded today at $9.49, breaking its 52-week high. So far today approximately 156,000 shares have been exchanged, as compared to an average 30-day volume of 179,000 shares.
Fushi Copperweld, Inc. manufactures copper-clad aluminum and steel wire. The Company's products are used for network transmission cable, cable TV wire, signal transmission cable, cable TV subscriber lines, distribution lines, local area networks, inner conductor for access networks, telephone subscriber communication lines, patch cords for electronic components, and other uses.
Based on a current price of $9.48, Fushi Copperweld is currently 5.1% above its average consensus analyst price target of $9.00. The stock should find initial support at its 50-day moving average (MA) of $9.13 and further support at its 200-day MA of $8.10.
Fushi Copperweld share prices have moved between a 52-week high of $9.49 and a 52-week low of $5.72 and are now trading 66% above that low price at $9.48 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.