Shares of Industrial Services of America Under Pressure, Down 3.6%

Published on Mon, 01/30/2012 - 12:34
By Adrienne Chilton in Market movers, IDSA, industrial services of america, market movers, nasdaq:idsa

Industrial Services of America (NASDAQ:IDSA) is one of today's biggest movers, down 3.6% to $5.93. The S&P is trading lower by 0.7% to 1,308 and the Dow is trading 0.6% lower to 12,581.

Industrial Services of America, Inc. is a management services company specializing in solid waste management, as well as ferrous, non-ferrous, and fiber recycling. The Company offers complete waste management solutions to commercial, retail, and industrial clients nationwide.

Industrial Services of America (NASDAQ:IDSA) has potential upside of 119.2% based on a current price of $5.93 and analysts' consensus price target of $13.00. Industrial Services of America shares should encounter resistance at the 200-day moving average (MA) of $7.82 and support at the 50-day MA of $5.72.

Industrial Services of America share prices have moved between a 52-week high of $14.02 and a 52-week low of $4.03 and are now trading 47% above that low price at $5.93 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 1.3%.

By Adrienne Chilton
achilton@fnno.com
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