Stock Investors Bid Up Shares of Westpac Banking, Up 3.3%

Published on Mon, 06/17/2013 - 10:47
By Adrienne Chilton in Market movers, WBK, market movers, nyse:wbk, westpac banking

Up 3.3% to $141.36, Westpac Banking (NYSE:WBK), is one of today's notable movers. The S&P is currently trading 1.0% higher to 1,643 and the Dow Jones Industrial Average is trading 1.1% higher to 15,233.

Westpac Banking has overhead space with shares priced $141.36, or 13.3% below the average consensus analyst price target of $162.95. The stock should find initial resistance at its 200-day moving average (MA) of $143.29 and further resistance at its 50-day MA of $155.31.

Westpac Banking Corporation offers general and savings banking, including lending, deposit taking and payment services. Westpac also provides investment portfolio management and advice, unit trust and superannuation fund management, nominee and custodian facilities, insurance services, consumer finance, leasing, general finance, foreign exchange dealing and money market services.

In the past 52 weeks, shares of Westpac Banking have traded between a low of $101.71 and a high of $175.59 and are now at $141.36, which is 39% above that low price. The 200-day and 50-day moving averages have moved 0.06% higher and 1.8% lower over the past week, respectively.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Shares of Pinnacle Financial Partners Un...

Down 1.2% to $37.52, Pinnacle Financial Partners (NASDAQ:PNFP), is one of today's notab ...

Stock Investors Bid Up Shares of Baidu, ...

Up 1.2% to $185.45, Baidu (NASDAQ:BIDU), is one of today's notable movers. The Dow Jon ...

Towers Watson & Co Makes a Move: Down 1....

Down 1.2% to $102.37, Towers Watson & Co (NYSE:TW), is one of today's notable movers. ...

Shares of Google Receive a Boost, Up 1.2...

Google (NASDAQ:GOOG) is one of today's notable stocks on the rise, up 1.2% to $577.78. ...

Shares of Watsco Under Pressure, Down 1....

One of today's stocks on the move is Watsco (NYSE:WSO), down 1.2% to $97.65. The S&P i ...

Shares of Ariad Pharmaceuticals Receive ...

Up 1.2% to $6.02, Ariad Pharmaceuticals (NASDAQ:ARIA), is one of today's notable movers ...

Shares of Centene Under Pressure, Down 1...

Down 1.2% to $76.20, Centene (NYSE:CNC), is one of today's notable movers. The S&P is ...

Callaway Golf Shares Climbing Higher, Up...

Callaway Golf (NYSE:ELY) is one of today's notable stocks on the rise, up 1.2% to $8.52 ...