Stock Investors Sell Off Shares of SodaStream International, Down 2.2%

Published on Fri, 12/21/2012 - 11:31
By Peter Chu in Market movers, SODA, market movers, nasdaq:soda, sodastream international

SodaStream International (NASDAQ:SODA), a company whose shares are moving quickly, is trading 2.2% lower to $42.35. The S&P is currently trading 1.0% lower to 1,429 and the Dow Jones Industrial Average is trading 1.0% lower to 13,183.

In the past 52 weeks, SodaStream International share prices have been bracketed by a low of $28.28 and a high of $48.13 and are now at $42.35, 50% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.5%.

SodaStream International Ltd. manufactures home beverage carbonation systems, which enable consumers to transform tap water into carbonated soft drinks and sparkling water. The Company develops, manufactures and sells soda makers and exchangeable carbon-dioxide (CO2) cylinders, as well as consumables, consisting of CO2 refills, reusable carbonation bottles, and flavors.

SodaStream International (NASDAQ:SODA) has potential upside of 17.3% based on a current price of $42.35 and analysts' consensus price target of $49.67. The stock should find initial support at its 50-day moving average (MA) of $37.07 and further support at its 200-day MA of $36.62.

By Peter Chu
pchu@fnno.com

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