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Stock Investors Bid Up Shares of YRC Worldwide, Up 24.9%

Published on Mon, 05/06/2013 - 12:15
By Mallory Stone

YRC Worldwide (NASDAQ:YRCW) is one of today's biggest movers, up 24.9% to $13.67. The S&P is trading higher by 0.2% to 1,618 and the Dow is trading fractionally higher to 14,977.

YRC Worldwide (NASDAQ:YRCW) defies analysts with a current price ($13.67) 63.4% above its average consensus price target of $5.00. The stock should discover initial support at its 50-day moving average (MA) of $7.20 and subsequent support at its 200-day MA of $6.69.

Over the past year, YRC Worldwide has traded in a range of $5.01 to $14.11 and is now at $13.67, 173% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 2.4%.

YRC Worldwide, Inc. offers freight transportation services.

By Mallory Stone
mstone@fnno.com

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