Stock to Watch: Pacer International Up 8.2% (PACR)

Published on Thu, 02/07/2013 - 11:23
By Mallory Stone in Market movers, PACR, nasdaq:pacr, pacer international, penny stocks

Pacer International (NASDAQ:PACR) is one of today's best performing low-priced stocks, up 8.2% to $4.64 on 1.4x average daily volume. Pacer International has traded 306,000 shares thus far today, vs. average volume of 214,000 shares per day. The stock has outperformed the Dow (8.2% to the Dow's -0.7%) and outperformed the S&P 500 (8.2% to the S&P's -0.7%) during today's trading.

Pacer International has overhead space with shares priced $4.64, or 9.5% below the average consensus analyst price target of $5.12. Pacer International shares have support at the 200-day moving average (MA) of $4.50 and additional support at the 50-day MA of $3.83.

Pacer International, Inc. provides transportation and logistics solutions. The Company offers a variety of transportation-related services, including trucking, intermodal marketing, logistics, and freight services. Pacer provides integrated services through a national network of sales agents, independent contractors, and railroad/drayage partnerships.

In the past 52 weeks, shares of Pacer International have traded between a low of $3.00 and a high of $7.04 and are now at $4.64, which is 55% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 1.8%.

By Mallory Stone
mstone@fnno.com

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