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Stock Investors Bid Up Shares of Vicor, Up 1.5%

Published on Mon, 02/11/2013 - 13:29
By Mallory Stone

Vicor (NASDAQ:VICR), a company whose shares are moving quickly, is trading 1.5% higher to $5.35. The Dow is down 0.3% to 13,952 and the S&P is currently trading fractionally lower to 1,515.

Potential upside of 7.5% exists for Vicor, based on a current level of $5.35 and analysts' average consensus price target of $5.75. The stock should run into initial resistance at its 50-day moving average (MA) of $5.38 and subsequent resistance at its 200-day MA of $6.16.

In the past 52 weeks, shares of Vicor have traded between a low of $5.00 and a high of $9.57 and are now at $5.35, which is 7% above that low price. The 200-day and 50-day moving averages have moved 0.93% lower and 0.33% lower over the past week, respectively.

Vicor Corporation designs, manufactures, and markets modular power components and complete power systems. The Company's products are used in electronic products to convert power from a primary power source into the direct current required by electronic circuits. Vicor sells its products in North and South America, as well as internationally through independent distributors.

By Mallory Stone