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Coinstar Shares Climbing Higher, Up 2.8%

Published on Mon, 01/28/2013 - 13:17
By Mallory Stone

Up 2.8% to $53.50, Coinstar (NASDAQ:CSTR), is one of today's notable movers. The S&P is currently trading fractionally lower to 1,501 and the Dow Jones Industrial Average is trading fractionally lower to 13,886.

Potential upside of 13.0% exists for Coinstar, based on a current level of $53.50 and analysts' average consensus price target of $60.45. The stock should hit resistance at its 200-day moving average (MA) of $53.99, as well as support at its 50-day MA of $49.02.

Over the past year, Coinstar has traded in a range of $40.50 to $71.82 and is now at $53.50, 32% above that low. The 200-day and 50-day moving averages have moved 0.51% lower and 0.49% higher over the past week, respectively.

Coinstar, Inc. is a leading provider of automated retail solutions offering convenient services that make life easier for consumers and drive incremental traffic and revenue for retailers. The company's core automated retail businesses include the well-known redbox self-service DVD rental and Coinstar self-service coin-counting brands. The company has approximately 33,300 DVD kiosks and 18,900 coin-counting kiosks in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, and restaurants.

By Mallory Stone
mstone@fnno.com