Shares of PEP Boys Under Pressure, Down 1.1%

Published on Fri, 11/30/2012 - 11:26
By Robert Cotter in Market movers, PBY, market movers, nyse:pby, pep boys

One of today's notable stocks in decline is PEP Boys (NYSE:PBY), down 1.1% to $10.53. The S&P is currently trading fractionally lower to 1,414 and the Dow Jones Industrial Average is trading fractionally lower to 13,012.

PEP Boys (NYSE:PBY) defies analysts with a current price ($10.53) 1.9% above its average consensus price target of $10.33. The stock should hit resistance at its 200-day moving average (MA) of $11.53, as well as support at its 50-day MA of $10.10.

In the past 52 weeks, shares of PEP Boys have traded between a low of $8.31 and a high of $15.46 and are now at $10.53, which is 27% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.6%.

The Pep Boys - Manny, Moe & Jack retails automotive parts and accessories, provides automotive maintenance and service, and installs parts. The Company operates PEP BOYS stores in the United States and Puerto Rico.

By Robert Cotter
rcotter@fnno.com

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