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Stock Investors Bid Up Shares of Hertz Global, Up 3.3%

Published on Fri, 02/01/2013 - 13:16
By Mallory Stone

One of today's notable stocks on the rise is Hertz Global (NYSE:HTZ), up 3.3% to $18.89. The S&P is currently trading 1.0% higher to 1,513 and the Dow Jones Industrial Average is trading 0.9% higher to 13,994.

In the past 52 weeks, shares of Hertz Global have traded between a low of $10.22 and a high of $18.90 and are now at $18.89, which is 85% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has risen 0.6%.

Potential upside of 18.0% exists for Hertz Global, based on a current level of $18.89 and analysts' average consensus price target of $22.29. The stock should discover initial support at its 50-day moving average (MA) of $16.59 and subsequent support at its 200-day MA of $14.30.

Hertz Global Holdings, Inc. operates car and equipment rental centers throughout the United States and Europe.

By Mallory Stone
mstone@fnno.com