Stock Investors Bid Up Shares of PEP Boys, Up 1.8%

Published on Fri, 05/10/2013 - 10:25
By Adrienne Chilton in Market movers, PBY, market movers, nyse:pby, pep boys

Up 1.8% to $11.86, PEP Boys (NYSE:PBY), is one of today's notable movers. The S&P is currently trading fractionally lower to 1,626 and the Dow Jones Industrial Average is trading fractionally lower to 15,066.

The Pep Boys - Manny, Moe & Jack retails automotive parts and accessories, provides automotive maintenance and service, and installs parts. The Company operates PEP BOYS stores in the United States and Puerto Rico.

PEP Boys (NYSE:PBY) is currently priced 24.1% above its average consensus analyst price target of $9.00. The stock should discover initial support at its 50-day moving average (MA) of $11.50 and subsequent support at its 200-day MA of $10.47.

In the past 52 weeks, PEP Boys share prices have been bracketed by a low of $8.31 and a high of $12.14 and are now at $11.86, 43% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

By Adrienne Chilton
achilton@fnno.com

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