Jinpan International Shares Climbing Higher, Up 3.5%

Published on Tue, 02/05/2013 - 11:16
By Robert Cotter in Market movers, JST, amex:jst, jinpan international, market movers

One of today's stocks on the move is Jinpan International (AMEX:JST), up 3.5% to $6.11. The S&P is currently trading 0.9% higher to 1,509 and the Dow Jones Industrial Average is trading 0.8% higher to 13,996.

Jinpan International Limited (Jinpan) designs and manufactures cast resin transformers for voltage distribution equipment. The Company markets its products under the JST trademark.

Jinpan International (AMEX:JST) has potential upside of 14.6% based on a current price of $6.11 and analysts' consensus price target of $7.00. Jinpan International shares should encounter resistance at the 200-day moving average (MA) of $6.22 and support at the 50-day MA of $5.67.

In the past 52 weeks, shares of Jinpan International have traded between a low of $4.35 and a high of $9.10 and are now at $6.11, which is 40% above that low price. The 200-day and 50-day moving averages have moved 0.67% lower and 1.39% higher over the past week, respectively.

By Robert Cotter
rcotter@fnno.com

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