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Precision Castparts Makes a Move: Up 1.7%

Published on Fri, 02/01/2013 - 11:30
By Robert Cotter

One of today's stocks on the move is Precision Castparts (NYSE:PCP), up 1.7% to $186.51. The S&P is currently trading 0.7% higher to 1,509 and the Dow Jones Industrial Average is trading 0.9% higher to 13,992.

There is potential upside of 15.2% for shares of Precision Castparts based on a current price of $186.51 and an average consensus analyst price target of $214.94. The stock should find initial support at its 50-day moving average (MA) of $185.55 and further support at its 200-day MA of $170.50.

In the past 52 weeks, Precision Castparts share prices have been bracketed by a low of $150.53 and a high of $194.95 and are now at $186.51, 24% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

Precision Castparts Corp. is a worldwide manufacturer of complex metal components and products. The Company manufactures large, complex structural investment castings and airfoil castings used in jet aircraft engines. Precision has also expanded into the industrial gas turbine, industrial metal working tools and machines, and other metal products markets.

By Robert Cotter