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Stock Investors Bid Up Shares of Alliant Techsystems, Up 2.1%

Published on Wed, 01/23/2013 - 11:21
By Robert Cotter

One of today's notable stocks on the rise is Alliant Techsystems (NYSE:ATK), up 2.1% to $67.47. The S&P is currently trading fractionally higher to 1,493 and the Dow Jones Industrial Average is trading 0.5% higher to 13,782.

In the past 52 weeks, Alliant Techsystems share prices have been bracketed by a low of $43.08 and a high of $67.69 and are now at $67.47, 57% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

Alliant Techsystems (NYSE:ATK) is currently priced 2.5% above its average consensus analyst price target of $65.78. The stock should discover initial support at its 50-day moving average (MA) of $62.02 and subsequent support at its 200-day MA of $53.38.

Alliant Techsystems Inc. develops and supplies advanced weapon and space systems. The Company's offerings include advanced missile systems, precision-guided munitions, electronic warfare and aircraft integration programs, satellite components and sub-systems, military ammunition and gun systems, and supplies ammunition to law enforcement agencies.

By Robert Cotter
rcotter@fnno.com