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Wabash National Shares Climbing Higher, Up 1.7%

Published on Tue, 02/05/2013 - 13:30
By Adrienne Chilton

Up 1.7% to $10.64, Wabash National (NYSE:WNC), is one of today's notable movers. The Dow Jones Industrial Average is now trading 0.7% higher to 13,984 and the S&P is trading 0.9% higher to 1,509.

Potential upside of 26.0% exists for Wabash National, based on a current level of $10.64 and analysts' average consensus price target of $13.42. The stock should discover initial support at its 50-day moving average (MA) of $9.22 and subsequent support at its 200-day MA of $7.52.

Over the past year, Wabash National has traded in a range of $5.65 to $11.55 and is now at $10.64, 88% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.1%.

Wabash National Corporation designs, manufactures, and markets standard and customized truck trailers under the Wabash and Fruehauf tradenames. The Company's products include composite and aluminum plate trailers, as well as Road-Railer bimodal vehicles.

By Adrienne Chilton
achilton@fnno.com