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Sellers Reduce Exposure to Shares of SodaStream International on 1.8x Above-Average Volume (SODA)

Published on Thu, 01/31/2013 - 14:13
By Adrienne Chilton

Shares of SodaStream International are trading today in above average volume, with the share price falling 3.2% to $48.92. Today's volume of 2.3 million shares tops the average 30-day volume of 1.2 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SodaStream International Ltd. manufactures home beverage carbonation systems, which enable consumers to transform tap water into carbonated soft drinks and sparkling water. The Company develops, manufactures and sells soda makers and exchangeable carbon-dioxide (CO2) cylinders, as well as consumables, consisting of CO2 refills, reusable carbonation bottles, and flavors.

There is potential upside of 9.4% for shares of SodaStream International based on a current price of $48.92 and an average consensus analyst price target of $53.50. The stock should discover initial support at its 50-day moving average (MA) of $43.65 and subsequent support at its 200-day MA of $38.44.

Over the past year, SodaStream International has traded in a range of $28.28 to $53.99 and is now at $48.92, 73% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.2% while the 200-day MA has risen 0.7%.

By Adrienne Chilton
achilton@fnno.com