Stock Investors Sell Off Shares of FARO Technologies, Down 1.4%

Published on Thu, 03/26/2015 - 11:07
By Adrienne Chilton in Market movers, FARO, faro technologies, market movers, nasdaq:faro

One of today's stocks on the move is FARO Technologies (NASDAQ:FARO), down 1.4% to $57.76. The S&P is trading lower by 0.3% to 2,055 and the Dow is trading 0.4% lower to 17,658.

FARO Technologies, Inc. designs, develops, and markets software and portable, computerized measurement devices. The Company's products allow manufacturers to perform three-dimensional inspections of parts and assemblies on the shop floor. This helps eliminate manufacturing errors, and thereby increases productivity for a variety of industries in FARO's worldwide customer base.

FARO Technologies share prices have moved between a 52-week high of $65.63 and a 52-week low of $39.75 and are now trading 45% above that low price at $57.76 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

There is potential upside of 16.0% for shares of FARO Technologies based on a current price of $57.76 and an average consensus analyst price target of $67.00. The stock should discover initial support at its 50-day moving average (MA) of $57.13 and subsequent support at its 200-day MA of $53.97.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Shares of United Community Banks Rise to...

United Community Banks (NASDAQ:UCBI) traded today at a new 52-week high of $21.65. App ...

Shares of Telecom Argentina Fall Below P...

Shares of Telecom Argentina (NYSE:TEO) traded today at $17.74, breaking its 52-week low ...

Shares of Thompson Creek Metals Have Fal...

Thompson Creek Metals (NYSE:TC) traded today at a new 52-week low of $0.74. This new l ...

Shares of Stratasys Fall to a New 52-Wee...

Stratasys (NASDAQ:SSYS) traded today at a new 52-week low of $33.68. Approximately 576 ...

Snap-On: 52-Week High Recently Eclipsed ...

Snap-On (NYSE:SNA) traded today at a new 52-week high of $162.29. Approximately 204,00 ...

Recent 52-Week Low Surpassed in Shares o...

Stein Mart (NASDAQ:SMRT) traded today at a new 52-week low of $10.40. Approximately 68 ...

Solera Holdings: The Losing Streak Conti...

Solera Holdings (NYSE:SLH) traded at a new 52-week low today of $43.99. Approximately ...

Shares of Skechers U.S.A. Rise Above Pre...

Skechers U.S.A. (NYSE:SKX) traded today at a new 52-week high of $116.54. So far today ...