Shares of AAON Under Pressure, Down 1.7%

Published on Tue, 01/31/2012 - 12:38
By Peter Chu in Market movers, AAON, aaon, market movers, nasdaq:aaon

AAON (NASDAQ:AAON), a company whose shares are moving quickly, is trading 1.7% lower to $20.00. The Dow Jones Industrial Average is now trading 0.4% lower to 12,609 and the S&P is trading fractionally lower to 1,311.

Over the past year, AAON has traded in a range of $14.64 to $24.23 and is now at $20.00, 37% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

AAON, Inc. designs, manufactures, and markets commercial rooftop air-conditioning, heating and heat recovery equipment, and air-conditioning coils. The Company's products serve the commercial and industrial new construction and replacement markets.

AAON (NASDAQ:AAON) is currently priced 15.0% above its average consensus analyst price target of $17.00. AAON shares should first meet resistance at the 200-day moving average (MA) of $20.33 and find additional resistance at the 50-day MA of $20.66.

By Peter Chu
pchu@fnno.com
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