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Stock Investors Bid Up Shares of Accuride, Up 2.7%

Published on Tue, 04/30/2013 - 10:23
By Adrienne Chilton

Accuride (NASDAQ:ACW), a company whose shares are moving quickly, is trading 2.7% higher to $5.03. The S&P is trading fractionally lower to 1,591 and the Dow is trading 0.2% lower to 14,781.

In the past 52 weeks, shares of Accuride have traded between a low of $2.21 and a high of $7.40 and are now at $5.03, which is 128% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.0%.

Accuride Corp. manufactures and supplies commercial vehicle components in North America. The Company's products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, seating assemblies and other commercial vehicle components.

Accuride has overhead space with shares priced $5.03, or 8.5% below the average consensus analyst price target of $5.50. The stock should find initial support at its 50-day moving average (MA) of $4.75 and further support at its 200-day MA of $4.19.

By Adrienne Chilton
achilton@fnno.com

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