One of today's stocks on the move is Cascade (NYSE:CASC), up 2.9% to $46.76. The S&P is currently trading fractionally lower to 1,219 and the Dow Jones Industrial Average is trading fractionally higher to 11,879.
Cascade Corporation designs, manufactures, and markets materials handling equipment and related technologies. The Company's products include custom hydraulic cylinders, lift truck attachments, hose reels, sideshifters, and forks. Cascade operates around the world.
Cascade has overhead space with shares priced $46.76, or 15.0% below the average consensus analyst price target of $55.00. The stock should find initial support at its 200-day moving average (MA) of $43.03 and further support at its 50-day MA of $42.05.
Over the past year, Cascade has traded in a range of $31.30 to $55.67 and is now at $46.76, 49% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 2.8%.
没有评论:
发表评论