Summer Infant (NASDAQ:SUMR) is one of today's biggest movers, up 3.3% to $5.11. The Dow is up 0.6% to 12,563 and the S&P is currently up 0.8% to 1,304.
Summer Infant has overhead space with shares priced $5.11, or 52.9% below the average consensus analyst price target of $10.83. Summer Infant shares should first meet resistance at the 50-day moving average (MA) of $6.84 and find additional resistance at the 200-day MA of $7.64.
In the past 52 weeks, Summer Infant share prices have been bracketed by a low of $4.75 and a high of $9.48 and are now at $5.11, 7% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.3%.
Summer Infant, Inc. designs, markets, and distributes branded infant health, safety, and wellness products. The Company's products include nursery audio/video monitors, safety gates, durable bath products, bed rails, infant thermometers and related health and safety products, boosters and potty seats, and bouncers.
