Downgrade Alert for Atlas Air Worldwide Holdings (AAWW)
Atlas Air Worldwide Holdings (NASDAQ:AAWW) was downgraded from Outperform to Market Perform at FBR Capital today. The stock closed yesterday at $43.76 on volume of 325,000 shares, above average daily volume of 216,000.
Over the past year, Atlas Air Worldwide Holdings has traded in a range of $36.61 to $57.00 and closed yesterday at $43.76, 20% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.2%.
Atlas Air Worldwide Holdings has overhead space with shares priced $43.76, or 21.9% below the average consensus analyst price target of $56.00. Atlas Air Worldwide Holdings shares should first meet resistance at the 50-day moving average (MA) of $43.95 and find additional resistance at the 200-day MA of $45.42.
Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air, Inc., and Polar Air Cargo, Inc. Atlas provides aircraft, crew, maintenance, and insurance freighter aircraft to major airlines around the world. Polar operates a global, scheduled-service network and serves substantially all major trade lanes of the world. The Company also provides commercial and military charter services.
SmarTrend is tracking the current trend status for Atlas Air Worldwide Holdings and will alert subscribers who have AAWW in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades atlas air worldwide holdings