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Compuware (CPWR) Breaks Through Support at $12.39

Published on Mon, 04/01/2013 - 09:44
By Peter Chu

Shares of Compuware (NASDAQ:CPWR) opened today below their pivot of $12.50 and have already reached the first level of support at $12.39. Should the shares continue to fall, the support pivots of $12.28 and $12.06 will be of interest.

Compuware Corporation provides software products and information technology(IT) solutions. The Company offers a set of integrated solutions for enterprise IT including IT portfolio management, application development, quality assurance and IT service management.

In the past 52 weeks, shares of Compuware have traded between a low of $7.97 and a high of $12.74 and are now at $12.37, which is 55% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.0%.

Based on a current price of $12.37, Compuware is currently 0.1% above its average consensus analyst price target of $12.36. The stock should find initial support at its 50-day moving average (MA) of $11.78 and further support at its 200-day MA of $10.11.

By Peter Chu