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Reed Elsevier Shares Sinking Lower, Down 2.5%

Published on Mon, 02/04/2013 - 13:28
By Peter Chu

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