user warning: Got error 28 from storage engine query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 481315 ORDER BY v.weight, t.weight, in /var/www/ on line 617.

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