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Stock Investors Bid Up Shares of Beam, Up 1.6%

Published on Thu, 03/14/2013 - 12:41
By Mallory Stone

One of today's stocks on the move is Beam (NYSE:BEAM), up 1.6% to $62.55. The S&P is trading higher by 0.4% to 1,561 and the Dow is trading 0.4% higher to 14,518.

There is potential upside of 4.7% for shares of Beam based on a current price of $62.55 and an average consensus analyst price target of $65.50. Beam shares have support at the 50-day moving average (MA) of $61.26 and additional support at the 200-day MA of $59.66.

In the past 52 weeks, shares of Beam have traded between a low of $52.69 and a high of $64.00 and are now at $62.55, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.09% higher over the past week, respectively.

Beam, Inc. owns and distributes liquor brands. The Company markets bourbon, liqueur, rye, vodka, scotch, rum, gin, brandy, cognac, cordials, tequila, and sherry worldwide.

By Mallory Stone