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Analyst Rating Flashback: Select Comfort Up 8.0% Since Downgraded 7 Days Ago (SCSS)

Published on Tue, 03/12/2013 - 09:11
By Mallory Stone

Longbow downgraded Select Comfort (NASDAQ:SCSS) from Buy to Neutral a week ago. The stock closed at $18.67, which is 8.0% higher than the price one week ago ($17.28).

Select Comfort Corporation designs, manufactures, and markets a line of air bed mattresses with adjustable firmness, as well as foundations and accessories. The Company's products are sold through retail stores located across the United States and through its national direct marketing operations.

Potential upside of 32.3% exists for Select Comfort, based on a current level of $18.59 and analysts' average consensus price target of $24.60. Select Comfort shares should first meet resistance at the 50-day moving average (MA) of $23.17 and find additional resistance at the 200-day MA of $25.99.

Select Comfort share prices have moved between a 52-week high of $35.60 and a 52-week low of $16.62 and are now trading 12% above that low price at $18.59 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.8%.

By Mallory Stone
mstone@fnno.com

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