Polypore International (NYSE:PPO) shares have crossed bearishly below their 10-day moving average of $47.15 on a volume of 625K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Polypore International, Inc. develops, manufactures, and markets specialized polymer-based membranes used in separation and filtration processes. The Company serves customers globally with manufacturing facilities in North America, Europe, and Asia.
Over the past year, Polypore International has traded in a range of $36.60 to $74.21 and is now at $46.94, 28% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.2%.
Polypore International (NYSE:PPO) has potential upside of 56.1% based on a current price of $46.94 and analysts' consensus price target of $73.29. The stock should find initial resistance at its 50-day moving average (MA) of $48.14 and further resistance at its 200-day MA of $57.68.
