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Shares of Reed Elsevier Receive a Boost, Up 2.3%

Published on Tue, 02/19/2013 - 11:26
By Peter Chu

Reed Elsevier (NYSE:ENL) is one of today's notable stocks on the rise, up 2.3% to $31.25. The Dow is up 0.4% to 14,033 and the S&P is currently up 0.4% to 1,526.

In the past 52 weeks, Reed Elsevier share prices have been bracketed by a low of $20.11 and a high of $32.13 and are now at $31.25, 55% above that low price. The 200-day and 50-day moving averages have moved 0.65% higher and 0.53% higher over the past week, respectively.

Reed Elsevier NV is a holding company. The Company is a publisher and information provider. Reed Elsevier, through its subsidiaries, publishes information for the scientific and medical professions, legal, education sector, and business to business sector.

Reed Elsevier has overhead space with shares priced $31.25, or 9.4% below the average consensus analyst price target of $34.47. The stock should discover initial support at its 50-day moving average (MA) of $30.06 and subsequent support at its 200-day MA of $26.10.

By Peter Chu
pchu@fnno.com