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Shares of CRA International Under Pressure, Down 1.6%

Published on Fri, 01/25/2013 - 11:23
By Adrienne Chilton

CRA International (NASDAQ:CRAI) is one of today's biggest movers, down 1.6% to $17.27. The S&P is currently trading fractionally higher to 1,497 and the Dow Jones Industrial Average is trading fractionally higher to 13,847.

Potential upside of 27.4% exists for CRA International, based on a current level of $17.27 and analysts' average consensus price target of $22.00. The stock should run into initial resistance at its 200-day moving average (MA) of $17.60 and subsequent resistance at its 50-day MA of $18.16.

In the past 52 weeks, CRA International share prices have been bracketed by a low of $13.41 and a high of $27.93 and are now at $17.27, 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.5%.

CRA International Inc. is an economic and business consulting firm that serves a broad range of clients. The Company provides legal and regulatory consulting and business consulting to clients such as law firms, corporations, government agencies, utilities, and national and international trade associations.

By Adrienne Chilton
achilton@fnno.com