GT Advanced Technologies (NASDAQ:GTAT) is one of today's notable stocks on the rise, up 2.6% to $8.33. The S&P is currently trading 0.8% higher to 1,299 and the Dow Jones Industrial Average is trading 0.9% higher to 12,536.
Over the past year, GT Advanced Technologies has traded in a range of $6.40 to $17.50 and is now at $8.33, 30% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has remained constant.
GT Advanced Technologies (NASDAQ:GTAT) has potential upside of 44.5% based on a current price of $8.33 and analysts' consensus price target of $12.04. The stock should hit resistance at its 200-day moving average (MA) of $10.45, as well as support at its 50-day MA of $7.77.
GT Advanced Technologies Inc. manufactures solar power equipment. The Company is a global provider of polysilicon production technology, crystalline ingot growth systems and related photovoltaic manufacturing services for the solar industry.
