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Harry Winston Diamond Crosses Above its 10-day MA (HWD)

Published on Thu, 02/07/2013 - 12:17
By Peter Chu

Harry Winston Diamond (NYSE:HWD) shares have crossed bullishly above their 10-day moving average of $14.83 on a volume of 924K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Harry Winston Diamond (NYSE:HWD) has potential upside of 23.4% based on a current price of $14.99 and analysts' consensus price target of $18.49. The stock should discover initial support at its 50-day moving average (MA) of $14.34 and subsequent support at its 200-day MA of $13.13.

Harry Winston Diamond Corporation explores and develops diamond properties. The Company mines for diamonds in the Northwest Territories, Canada. Harry Winston also retails fine jewelry and watches.

Harry Winston Diamond share prices have moved between a 52-week high of $16.14 and a 52-week low of $10.73 and are now trading 40% above that low price at $14.99 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

By Peter Chu