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Buyers Accumulate Shares of DreamWorks Animation, Up 2.0%

Published on Thu, 01/24/2013 - 11:23
By Robert Cotter

DreamWorks Animation (NASDAQ:DWA) is a company whose shares are active, trading 2.0% higher to $17.54. The S&P is trading higher by 0.4% to 1,500 and the Dow is trading 0.6% higher to 13,858.

DreamWorks Animation share prices have moved between a 52-week high of $28.90 and a 52-week low of $16.04 and are now trading 9% above that low price at $17.54 per share. The 200-day and 50-day moving averages have moved 0.04% lower and 0.74% lower over the past week, respectively.

DreamWorks Animation has overhead space with shares priced $17.54, or 8.2% below the average consensus analyst price target of $19.11. The stock should hit resistance at its 200-day moving average (MA) of $18.08, as well as support at its 50-day MA of $17.18.

DreamWorks Animation SKG, Inc. develops and produces computer generated animated feature films for a broad movie-going audience.

By Robert Cotter
rcotter@fnno.com