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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

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

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