Downgrade Alert for Vishay Intertechnology (VSH)
Vishay Intertechnology (NYSE:VSH) was downgraded from Buy to Hold at Stifel today. The stock closed yesterday at $14.30 on volume of 2.5 million shares, above average daily volume of 1.1 million.
Based on a current price of $14.30, Vishay Intertechnology is currently 15.2% above its average consensus analyst price target of $12.12. The stock should find initial support at its 50-day moving average (MA) of $12.08 and further support at its 200-day MA of $11.20.
Vishay Intertechnology, Inc. manufactures a broad line of passive and discreet active electronic components, particularly resistors, capacitors, inductors, diodes, and transistors. The Company's products are utilized in computers, telephones, televisions, automobiles, household appliance, medical equipment, satellites, and military and aerospace equipment.
In the past 52 weeks, Vishay Intertechnology share prices have been bracketed by a low of $9.22 and a high of $14.60 and closed yesterday at $14.30, 55% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.
SmarTrend recommended that subscribers consider buying shares of Vishay Intertechnology on July 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.24. Since that recommendation, shares of Vishay Intertechnology have risen 5.8%. We continue to monitor VSH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades vishay intertechnology