Alliant Techsystems's Shares Changing Hands at Lower Prices on 1.4x Above-Average Volume (ATK)

Published on Mon, 04/08/2013 - 13:11
By Robert Cotter in Unusual volume, ATK, alliant techsystems, nyse:atk, unusual volume

Shares of Alliant Techsystems are trading down 1.0% to $70.00 today on above average volume. Today's volume of 362,000 shares tops the average 30-day volume of 261,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

Alliant Techsystems Inc. develops and supplies advanced weapon and space systems. The Company's offerings include advanced missile systems, precision-guided munitions, electronic warfare and aircraft integration programs, satellite components and sub-systems, military ammunition and gun systems, and supplies ammunition to law enforcement agencies.

Based on a current price of $70.00, Alliant Techsystems is currently 5.5% above its average consensus analyst price target of $66.12. The stock should find initial support at its 50-day moving average (MA) of $67.45 and further support at its 200-day MA of $57.67.

Alliant Techsystems share prices have moved between a 52-week high of $72.57 and a 52-week low of $43.08 and are now trading 62% above that low price at $70.00 per share. The 200-day and 50-day moving averages have moved 1.06% higher and 0.78% higher over the past week, respectively.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Earnings Flashback: Since Reporting Quar...

18 days ago, on July 8th, 2014, Bob Evans Farms (NASDAQ:BOBE) reported its earnings. A ...

Earnings Flashback: Since Reporting Quar...

11 days ago, on July 15th, 2014, CSX (NYSE:CSX) reported its earnings. Analysts, on av ...

Dover Earnings Review: 9 Days after Anno...

When Dover (NYSE:DOV) reported earnings 9 days ago on July 17th, 2014, analysts, on ave ...

Earnings Look Back: Autoliv Is Down 0.3%...

A week ago on July 18th, 2014 Autoliv (NYSE:ALV) reported earnings and analysts, on ave ...

Earnings Flashback: Since Reporting Quar...

A week ago on July 18th, 2014 Kansas City Southern (NYSE:KSU) reported earnings and ana ...

Cytec Industries Earnings Hindsight: Up ...

When Cytec Industries (NYSE:CYT) reported earnings a week ago on July 17th, 2014, analy ...

Novartis Earnings Hindsight: Down 0.1% i...

When Novartis (NYSE:NVS) reported earnings 9 days ago on July 17th, 2014, analysts, on ...

Post Earnings Update: AAR Has Climbed 4....

11 days ago, on July 15th, 2014, AAR (NYSE:AIR) reported its earnings. Analysts, on av ...