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Next Resistance Level for Compuware (CPWR) is $11.61

Published on Tue, 04/23/2013 - 12:46
By Peter Chu

Shares of Compuware (NASDAQ:CPWR) have bullishly opened above the pivot of $11.33 today and have reached the first resistance level of $11.49. Should the shares continue to rise, the resistance pivots of $11.61 and $11.89 will be of interest.

There is potential upside of 7.0% for shares of Compuware based on a current price of $11.55 and an average consensus analyst price target of $12.36. The stock should hit resistance at its 50-day moving average (MA) of $11.89, as well as support at its 200-day MA of $10.32.

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, Compuware share prices have been bracketed by a low of $7.97 and a high of $12.74 and are now at $11.55, 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.3%.

By Peter Chu