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Stock Investors Bid Up Shares of SPX, Up 4.2%

Published on Thu, 02/14/2013 - 11:15
By Adrienne Chilton

One of today's stocks on the move is SPX (NYSE:SPW), up 4.2% to $79.06. The Dow is trading fractionally higher to 13,989 and the S&P is currently trading fractionally higher to 1,521.

In the past 52 weeks, SPX share prices have been bracketed by a low of $56.31 and a high of $79.42 and are now at $79.06, 40% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SPX (NYSE:SPW) has potential upside of 0.4% based on a current price of $79.06 and analysts' consensus price target of $79.40. The stock should discover initial support at its 50-day moving average (MA) of $70.03 and subsequent support at its 200-day MA of $67.68.

SPX Corporation is a global provider of technical products and systems, industrial products and services, service solutions, and vehicle components. The Company designs, manufactures, and markets data networking equipment, fire detection equipment, power transformers, TV and radio broadcast equipment, and a variety of specialty tools, equipment, and services.

By Adrienne Chilton
achilton@fnno.com