RadioShack (RSH) Breaks Through Support at $3.46
Shares of RadioShack (NYSE:RSH) opened today below their pivot of $3.66 and have already reached the first level of support at $3.46. Investors may be interested in a cross of the next downside pivot targets of $3.22 and $2.78.
RadioShack (NYSE:RSH) is currently priced 28.9% above its average consensus analyst price target of $2.45. The stock should find initial support at its 50-day moving average (MA) of $2.94 and further support at its 200-day MA of $2.87.
Over the past year, RadioShack has traded in a range of $1.90 to $6.71 and is now at $3.45, 82% above that low. The 200-day and 50-day moving averages have moved 0.72% lower and 2.86% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of RadioShack on January 25th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.50. Since that recommendation, shares of RadioShack have risen 47.9%. We continue to monitor RSH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: pivot alerts RadioShack