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hhgregg Shares Climbing Higher, Up 1.8%

Published on Mon, 03/18/2013 - 12:24
By Peter Chu

hhgregg (NYSE:HGG) is one of today's notable stocks on the rise, up 1.8% to $11.48. The Dow is trading fractionally lower to 14,492 and the S&P is currently down 0.3% to 1,555.

hhgregg (NYSE:HGG) defies analysts with a current price ($11.48) 31.5% above its average consensus price target of $7.86. The stock should discover initial support at its 50-day moving average (MA) of $8.94 and subsequent support at its 200-day MA of $8.25.

hhgregg, Inc. retails video products, brand name appliances, audio products and accessories.

hhgregg share prices have moved between a 52-week high of $12.73 and a 52-week low of $5.84 and are now trading 97% above that low price at $11.48 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 4.3%.

By Peter Chu
pchu@fnno.com