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Next Support Level for RadioShack (RSH) is $3.21

Published on Mon, 04/01/2013 - 12:41
By Adrienne Chilton

Shares of RadioShack (NYSE:RSH) have bearishly opened below the pivot of $3.38 today and have reached the first support level of $3.28. Analysts will be watching for a cross of the next downside pivot targets of $3.21 and $3.04.

Based on a current price of $3.26, RadioShack is currently 24.7% above its average consensus analyst price target of $2.45. The stock should find initial support at its 50-day moving average (MA) of $3.15 and further support at its 200-day MA of $2.83.

Over the past year, RadioShack has traded in a range of $1.90 to $6.59 and is now at $3.26, 72% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.1% while the 200-day MA has slid 0.7%.

RadioShack Corporation operates a chain of retail consumer electronics goods and services stores located throughout the United States, as well as in Puerto Rico and the U.S. Virgin Islands. The Company markets electronic parts and accessories, cellular, PCS and conventional telephones, computers, scanners, software, and related products and accessories.

By Adrienne Chilton
achilton@fnno.com