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Standard Pacific Shares Climbing Higher, Up 1.5%

Published on Fri, 02/15/2013 - 11:28
By Mallory Stone

Up 1.5% to $8.32, Standard Pacific (NYSE:SPF), is one of today's notable movers. The S&P is trading fractionally higher to 1,522 and the Dow is trading fractionally higher to 13,988.

Standard Pacific has overhead space with shares priced $8.32, or 7.0% below the average consensus analyst price target of $8.95. Standard Pacific shares have support at the 50-day moving average (MA) of $7.58 and additional support at the 200-day MA of $6.60.

Over the past year, Standard Pacific has traded in a range of $3.98 to $8.69 and is now at $8.32, 109% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.5%.

Standard Pacific Corp. constructs move-up homes within a wide range of price and size. The Company operates throughout the major metropolitan areas in California, Texas, Arizona, and Colorado. Standard Pacific also provides mortgage financing and title services to its homebuyers through its subsidiaries.

By Mallory Stone
mstone@fnno.com