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TiVo's Shares Changing Hands at Higher Prices on 1.2x Above-Average Volume (TIVO)

Published on Thu, 01/17/2013 - 14:13
By Mallory Stone

TiVo's stock is up 0.5% to $12.00 on heavy trading volume. Today's volume of 3.0 million shares tops the average 30-day volume of 2.4 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

In the past 52 weeks, TiVo share prices have been bracketed by a low of $7.75 and a high of $12.95 and are now at $12.00, 55% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

Potential upside of 20.8% exists for TiVo, based on a current level of $12.00 and analysts' average consensus price target of $14.50. The stock should find initial support at its 50-day moving average (MA) of $11.57 and further support at its 200-day MA of $9.99.

By Mallory Stone