Stock Investors Sell Off Shares of Hexcel, Down 1.8%

Published on Tue, 01/29/2013 - 11:26
By Mallory Stone in Market movers, HXL, hexcel, market movers, nyse:hxl

Hexcel (NYSE:HXL) is a company whose shares are active, trading 1.8% lower to $27.76. The Dow Jones Industrial Average is now trading 0.2% higher to 13,917 and the S&P is trading fractionally higher to 1,502.

Hexcel Corporation develops, manufactures, and markets reinforcement products, composite materials, and engineered products. The Company's products are used in the commercial aerospace, space and defense, electronics, general industrial, and recreation markets for a variety of end products. Hexcel operates around the world.

Potential upside of 9.9% exists for Hexcel, based on a current level of $27.76 and analysts' average consensus price target of $30.50. Hexcel shares have support at the 50-day moving average (MA) of $26.65 and additional support at the 200-day MA of $25.28.

In the past 52 weeks, shares of Hexcel have traded between a low of $22.17 and a high of $29.47 and are now at $27.76, which is 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.2%.

By Mallory Stone
mstone@fnno.com

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