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Stock Investors Sell Off Shares of Xyratex, Down 1.5%

Published on Tue, 06/18/2013 - 14:05
By Peter Chu

Xyratex (NASDAQ:XRTX) is one of today's notable stocks in decline, down 1.5% to $10.09. The S&P is trading higher by 0.7% to 1,650 and the Dow is trading 0.8% higher to 15,302.

Xyratex Ltd. provides enterprise class data storage subsystems and network technology. The Company designs and manufactures enabling technology that provides OEM and disk drive manufacturer customers with data storage products that support high-performance storage and data communication networks.

Xyratex (NASDAQ:XRTX) has potential upside of 38.8% based on a current price of $10.09 and analysts' consensus price target of $14.00. Xyratex shares should encounter resistance at the 50-day moving average (MA) of $10.72 and support at its 200-day MA of $9.65.

In the past 52 weeks, shares of Xyratex have traded between a low of $6.96 and a high of $13.80 and are now at $10.09, which is 45% above that low price. The 200-day and 50-day moving averages have moved 0.27% lower and 0.11% lower over the past week, respectively.

By Peter Chu