Today, shares of Coinstar (NASDAQ:CSTR) have fallen below their 10-day MA of $50.59 on a volume of 272K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Coinstar share prices have been bracketed by a low of $40.50 and a high of $71.82 and are now at $50.37, 24% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.2%.
Coinstar, Inc. is a leading provider of automated retail solutions offering convenient services that make life easier for consumers and drive incremental traffic and revenue for retailers. The company's core automated retail businesses include the well-known redbox self-service DVD rental and Coinstar self-service coin-counting brands. The company has approximately 33,300 DVD kiosks and 18,900 coin-counting kiosks in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, and restaurants.
Potential upside of 20.0% exists for Coinstar, based on a current level of $50.37 and analysts' average consensus price target of $60.45. The stock should find resistance at its 200-day moving average (MA) of $53.77, as well as support at its 50-day MA of $49.62.