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Stock Investors Bid Up Shares of SodaStream International, Up 5.5%

Published on Tue, 01/22/2013 - 13:11
By Robert Cotter

SodaStream International (NASDAQ:SODA), a company whose shares are moving quickly, is trading 5.5% higher to $51.44. The S&P is currently trading fractionally higher to 1,488 and the Dow Jones Industrial Average is trading 0.3% higher to 13,680.

SodaStream International (NASDAQ:SODA) has potential upside of 2.8% based on a current price of $51.44 and analysts' consensus price target of $52.88. The stock should discover initial support at its 50-day moving average (MA) of $41.45 and subsequent support at its 200-day MA of $37.82.

SodaStream International Ltd. manufactures home beverage carbonation systems, which enable consumers to transform tap water into carbonated soft drinks and sparkling water. The Company develops, manufactures and sells soda makers and exchangeable carbon-dioxide (CO2) cylinders, as well as consumables, consisting of CO2 refills, reusable carbonation bottles, and flavors.

In the past 52 weeks, shares of SodaStream International have traded between a low of $28.28 and a high of $51.75 and are now at $51.44, which is 82% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 3.3%.

By Robert Cotter
rcotter@fnno.com