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BB&T Capital Made the Right Call, Mantech International 7.1% Lower (MANT)

Published on Thu, 02/07/2013 - 10:10
By Robert Cotter

One week ago Mantech International (NASDAQ:MANT) was downgraded from Hold to Underweight at BB&T Capital. The stock closed at $24.50, which is 7.1% lower than the price one week ago ($26.36).

Over the past year, Mantech International has traded in a range of $19.74 to $46.26 and is now at $24.79, 26% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.4%.

Potential upside of 5.6% exists for Mantech International, based on a current level of $24.79 and analysts' average consensus price target of $26.17. The stock should hit resistance at its 50-day moving average (MA) of $25.74, as well as support at its 200-day MA of $24.06.

ManTech International Corporation delivers a variety of information technology and technical services to United States federal government customers. The Company focuses on critical national defense programs for the intelligence community and Department of Defense. ManTech designs, develops, and operates enterprise information technology and communication systems and infrastructures.

By Robert Cotter
rcotter@fnno.com