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Stock Investors Bid Up Shares of Exponent, Up 2.1%

Published on Mon, 12/31/2012 - 13:31
By Robert Cotter

One of today's notable stocks on the rise is Exponent (NASDAQ:EXPO), up 2.1% to $54.85. The S&P is trading higher by 0.9% to 1,416 and the Dow is trading 0.7% higher to 13,025.

Over the past year, Exponent has traded in a range of $35.56 to $58.92 and is now at $54.85, 54% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.4%.

Exponent, Inc. is a science and engineering consulting firm that provides solutions and information to complex problems. The Company performs scientific research and analysis, or evaluations, to solve complicated issues facing a range of industries and governments.

Exponent has overhead space with shares priced $54.85, or 9.3% below the average consensus analyst price target of $60.50. The stock should find initial support at its 50-day moving average (MA) of $53.10 and further support at its 200-day MA of $51.44.

By Robert Cotter
rcotter@fnno.com

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