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Shares of AOL Under Pressure, Down 1.1%

Published on Wed, 01/16/2013 - 11:28
By Mallory Stone

AOL (NYSE:AOL) is a company whose shares are active, trading 1.1% lower to $29.40. The S&P is currently trading fractionally lower to 1,470 and the Dow Jones Industrial Average is trading 0.3% lower to 13,498.

In the past 52 weeks, AOL share prices have been bracketed by a low of $14.96 and a high of $43.93 and are now at $29.40, 97% above that low price. The 200-day and 50-day moving averages have moved 0.52% higher and 0.91% lower over the past week, respectively.

AOL Inc is a web services company. The Company's business spans online content, products and services that the company offers consumers, publishers and advertisers. AOL focuses on attracting consumers and providing online advertising services on company owned and operated properties as well as third party websites. AOL also operates an internet subscription access service.

AOL has overhead space with shares priced $29.40, or 30.0% below the average consensus analyst price target of $42.00. The stock should find initial resistance at its 200-day moving average (MA) of $30.63 and further resistance at its 50-day MA of $33.19.

By Mallory Stone
mstone@fnno.com