Standard Pacific: 52-Week High Recently Eclipsed (SPF)
Shares of Standard Pacific (NYSE:SPF) traded at a new 52-week high today of $8.69. Approximately 1 million shares have changed hands today, as compared to an average 30-day volume of 3.7 million shares.
Standard Pacific Corp. constructs move-up homes within a wide range of price and size. The Company operates throughout the major metropolitan areas in California, Texas, Arizona, and Colorado. Standard Pacific also provides mortgage financing and title services to its homebuyers through its subsidiaries.
Over the past year, Standard Pacific has traded in a range of $3.64 to $8.69 and is now at $8.60, 136% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.4% while the 200-day MA has risen 1.3%.
Standard Pacific (NYSE:SPF) is currently priced 11.0% above its average consensus analyst price target of $7.65. Standard Pacific shares have support at the 50-day moving average (MA) of $7.33 and additional support at the 200-day MA of $6.43.
SmarTrend recommended that subscribers consider buying shares of Standard Pacific on November 21st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.92. Since that recommendation, shares of Standard Pacific have risen 20.0%. We continue to monitor SPF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows standard pacific