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DealerTrack Makes a Move: Down 1.4%

Published on Tue, 03/12/2013 - 12:30
By Adrienne Chilton

One of today's notable stocks in decline is DealerTrack (NASDAQ:TRAK), down 1.4% to $29.56. The Dow is trading fractionally higher to 14,437 and the S&P is currently trading fractionally lower to 1,552.

Potential upside of 15.6% exists for DealerTrack, based on a current level of $29.56 and analysts' average consensus price target of $34.17. The stock should find resistance at its 50-day moving average (MA) of $31.11, as well as support at its 200-day MA of $28.59.

DealerTrack share prices have moved between a 52-week high of $33.62 and a 52-week low of $23.31 and are now trading 27% above that low price at $29.56 per share. The 200-day and 50-day moving averages have moved 0.05% higher and 0.24% higher over the past week, respectively.

DealerTrack Holdings Inc. provides on-demand software and data solutions for the automotive retail industry in the United States. The Company utilizes the Internet to link automotive dealers with banks, finance companies, credit unions and other financing sources, and other service and information providers, such as the major credit reporting agencies.

By Adrienne Chilton
achilton@fnno.com