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Shares of Motorola Solutions Rise Above Previous 52-Week High

Published on Tue, 02/05/2013 - 15:18
By Mallory Stone

Shares of Motorola Solutions (NYSE:MSI) traded today at $60.03, breaking its 52-week high. This new high was reached on approximately average trading volume as 1.6 million shares traded hands, while the average 30-day volume is approximately 1.7 million shares.

Over the past year, Motorola Solutions has traded in a range of $44.49 to $60.03 and is now at $59.67, 34% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

Motorola Solutions (NYSE:MSI) is currently priced 0.1% above its average consensus analyst price target of $59.62. The stock should discover initial support at its 50-day moving average (MA) of $56.02 and subsequent support at its 200-day MA of $50.86.

Motorola Solutions, Inc. manufactures two-way radios and accessories, mobile computers, wireless network infrastructure, private radio systems, bar code scanning and radio frequency identification equipment, and public safety broadband equipment.

By Mallory Stone
mstone@fnno.com