Buyers Accumulating Shares of Alliant Techsystems on 1.4x Above-Average Volume (ATK)

Published on Wed, 01/30/2013 - 14:14
By Adrienne Chilton in Unusual volume, ATK, alliant techsystems, nyse:atk, unusual volume

Alliant Techsystems shares are trading on heavy volume today, having risen 0.2% to $65.52. Today's volume of 312,000 shares tops the average 30-day volume of 229,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

Based on a current price of $65.52, Alliant Techsystems is currently 0.4% above its average consensus analyst price target of $65.25. The stock should discover initial support at its 50-day moving average (MA) of $62.81 and subsequent support at its 200-day MA of $53.80.

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.

Alliant Techsystems share prices have moved between a 52-week high of $67.78 and a 52-week low of $43.08 and are now trading 52% above that low price at $65.52 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

U.S. Steel: 52-Week High Recently Eclips...

U.S. Steel (NYSE:X) traded at a new 52-week high today of $33.19. This new high was re ...

WellPoint Looks to Continue to Trade Abo...

Shares of WellPoint (NYSE:WLP) traded at a new 52-week high today of $116.50. So far t ...

Watch for Continued Gains in Shares of W...

Shares of Westmoreland Coal (AMEX:WLB) traded today at $43.84, breaking its 52-week hig ...

Recent 52-Week Low Surpassed in Shares o...

Shares of UBS (NYSE:UBS) traded at a new 52-week low today of $17.44. Approximately 4. ...

Grupo Televisa Looks to Continue to Trad...

Shares of Grupo Televisa (NYSE:TV) traded today at $36.18, breaking its 52-week high. ...

Shares of Trinity Industries Rise Above ...

Trinity Industries (NYSE:TRN) traded at a new 52-week high today of $47.83. This new h ...

Watch for Continued Gains in Shares of P...

Shares of Post Properties (NYSE:PPS) traded today at $55.82, breaking its 52-week high. ...

Pike Electric: The Losing Streak Continu...

Pike Electric (NYSE:PIKE) traded at a new 52-week low today of $8.10. This new low was ...