user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 434697 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Trading Lower on Heavy Volume are Shares of Beam on 1.7x Above-Average Volume (BEAM)

Published on Fri, 02/01/2013 - 14:13
By Robert Cotter

Beam's stock is down 1.4% to $60.51 on heavy trading volume. Approximately 1.2 million shares have changed hands today vs. average 30-day volume of 697,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

Beam (NYSE:BEAM) has potential upside of 6.5% based on a current price of $60.51 and analysts' consensus price target of $64.44. The stock should find initial support at its 50-day moving average (MA) of $59.74 and further support at its 200-day MA of $59.13.

Beam share prices have moved between a 52-week high of $64.00 and a 52-week low of $51.92 and are now trading 17% above that low price at $60.51 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.1%.

Beam, Inc. owns and distributes liquor brands. The Company markets bourbon, liqueur, rye, vodka, scotch, rum, gin, brandy, cognac, cordials, tequila, and sherry worldwide.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

EW Scripps Shares Sinking Lower, Down 2....

EW Scripps (NYSE:SSP) is one of today's notable stocks in decline, down 2.0% to $17.29. ...

Genesee & Wyoming has the Highest Future...

Below are the three companies in the Railroads industry with the highest future earning ...

CARBO Ceramics Shares Sinking Lower, Dow...

CARBO Ceramics (NYSE:CRR) is one of today's biggest movers, down 2.0% to $61.65. The S ...

Top 3 Companies in the Heavy Electrical ...

Below are the three companies in the Heavy Electrical Equipment industry with the highe ...

NTT DoCoMo Makes a Move: Down 2.1%...

Down 2.1% to $16.72, NTT DoCoMo (NYSE:DCM), is one of today's notable movers. The S&P ...

Top 3 Companies in the Oil & Gas Storage...

Below are the three companies in the Oil & Gas Storage & Transportation industry with t ...

Iconix Brand Makes a Move: Down 2.1%...

Iconix Brand (NASDAQ:ICON) is one of today's biggest movers, down 2.1% to $37.06. The ...

Jamba has the Highest Future Earnings Gr...

Below are the three companies in the Restaurants industry with the highest future earni ...