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TTM Technologies: The Losing Streak Continues (TTMI)

Published on Wed, 04/17/2013 - 14:20
By Mallory Stone

TTM Technologies (NASDAQ:TTMI) traded at a new 52-week low today of $6.86. So far today approximately 196,000 shares have been exchanged, as compared to an average 30-day volume of 339,000 shares.

TTM Technologies (NASDAQ:TTMI) has potential upside of 69.6% based on a current price of $6.88 and analysts' consensus price target of $11.67. The stock should run into initial resistance at its 50-day moving average (MA) of $7.93 and subsequent resistance at its 200-day MA of $9.00.

Over the past year, TTM Technologieshas traded in a range of $6.86 to $11.01 and are now at $6.88. The 200-day and 50-day moving averages have moved 0.27% lower and 0.59% lower over the past week, respectively.

TTM Technologies, Inc. is an independent provider of time-critical, one-stop manufacturing services for printed circuit boards. The circuit boards serve as a foundation for electronic products such as routers, switches, servers, memory modules, and cellular base stations. The Company's customers include original equipment manufacturers and electronic manufacturing services companies.

By Mallory Stone
mstone@fnno.com