Reed Elsevier Shares Sinking Lower, Down 2.5%

Published on Mon, 02/04/2013 - 13:28
By Peter Chu in Market movers, ENL, market movers, nyse:enl, reed elsevier

One of today's stocks on the move is Reed Elsevier (NYSE:ENL), down 2.5% to $31.26. The Dow is down 0.8% to 13,895 and the S&P is currently down 0.9% to 1,500.

Reed Elsevier (NYSE:ENL) has potential upside of 10.3% based on a current price of $31.26 and analysts' consensus price target of $34.47. The stock should discover initial support at its 50-day moving average (MA) of $29.55 and subsequent support at its 200-day MA of $25.75.

Over the past year, Reed Elsevier has traded in a range of $20.11 to $32.13 and is now at $31.26, 55% above that low. The 200-day and 50-day moving averages have moved 0.69% higher and 1.48% higher over the past week, respectively.

Reed Elsevier NV is a holding company. The Company is a publisher and information provider. Reed Elsevier, through its subsidiaries, publishes information for the scientific and medical professions, legal, education sector, and business to business sector.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Bon-Ton Stores Trading Higher on 1.2x Ab...

Bon-Ton Stores's stock is up 3.0% to $9.35 on heavy trading volume. Approximately 321, ...

Trading Lower on Heavy Volume are Shares...

The price of Intersil shares has slipped to $13.00 (a 7.3% change) on heavy trading vol ...

Trading Lower on Heavy Volume are Shares...

Enterprise Products Partners shares are trading on heavy volume today, having fallen 1. ...

Trading Lower on Heavy Volume are Shares...

GlaxoSmithKline's stock is down 0.0% to $48.46 on heavy trading volume. About 4.0 mill ...

Sellers Reduce Exposure to Shares of Man...

Shares of Manulife Financial are trading today in above average volume, with the share ...

Trading Lower on Heavy Volume are Shares...

Tenaris shares are trading on heavy volume today, having fallen 3.4% to $43.29. About ...

Pacific Ethanol's Shares Changing Hands ...

The price of Pacific Ethanol shares has slipped to $17.50 (a 7.0% change) on heavy trad ...

Trading Lower on Heavy Volume are Shares...

Shares of Turkcell Iletisim Hizmet are trading down 0.2% to $16.39 today on above avera ...