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TiVo Trading Lower on 1.9x Above-Average Volume (TIVO)

Published on Tue, 02/05/2013 - 14:12
By Robert Cotter

TiVo's stock is down 0.6% to $12.99 on heavy trading volume. Approximately 4.5 million shares have changed hands today vs. average 30-day volume of 2.4 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

TiVo Inc. provides a subscription-based service enabled by a personal video recorder. The Company's service allows viewers to locate and record multiple shows, control live television, choose viewing preferences, and access their customized lineup of shows. TiVo's service also serves as a platform to deliver television programming, advertising, and in-home commerce.

Over the past year, TiVo has traded in a range of $7.75 to $13.49 and is now at $12.99, 68% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.6%.

Potential upside of 11.9% exists for TiVo, based on a current level of $12.99 and analysts' average consensus price target of $14.54. TiVo shares have support at the 50-day moving average (MA) of $12.16 and additional support at the 200-day MA of $10.06.

By Robert Cotter