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Stock Investors Sell Off Shares of Diamond Foods, Down 2.4%

Published on Thu, 07/25/2013 - 13:59
By Peter Chu

One of today's stocks on the move is Diamond Foods (NASDAQ:DMND), down 2.4% to $20.76. The Dow Jones Industrial Average is now trading fractionally higher to 15,547 and the S&P is trading fractionally higher to 1,688.

In the past 52 weeks, Diamond Foods share prices have been bracketed by a low of $12.85 and a high of $96.13 and are now at $20.76, 62% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.2%.

Diamond Foods, Inc. is a branded food company specializing in processing, marketing and distributing culinary, snack, in-shell and ingredient nuts.

Diamond Foods (NASDAQ:DMND) is currently priced 18.1% above its average consensus analyst price target of $17.00. Diamond Foods shares have support at the 50-day moving average (MA) of $19.15 and additional support at the 200-day MA of $16.50.

By Peter Chu
pchu@fnno.com