Shares of ADA-ES Under Pressure, Down 2.3%

Published on Tue, 05/13/2014 - 10:53
By Peter Chu in Market movers, ADES, ada-es, market movers, nasdaq:ades

ADA-ES (NASDAQ:ADES) is one of today's notable stocks in decline, down 2.3% to $19.54. The Dow is trading fractionally higher to 16,729 and the S&P is currently up 0.2% to 1,901.

Potential upside of 61.2% exists for ADA-ES, based on a current level of $19.54 and analysts' average consensus price target of $31.50. The stock should find initial resistance at its 50-day moving average (MA) of $29.34 and further resistance at its 200-day MA of $42.06.

In the past 52 weeks, shares of ADA-ES have traded between the current low of $19.54 and a high of $58.33 and are now at $19.54. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 6.4%.

ADA-ES, Inc. is an environmental technology/specialty company that supplies powdered activated carbon, injection systems, and related services. The Company helps electric utility companies meet environmental regulations. ADA-ES provides ash improvements, optimizes baghouse performance, provides flue gas conditioning additives, and provides other products and services.

By Peter Chu
pchu@fnno.com

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