TMCnet News
Stock to Watch: USA Technologies Up 6.3% (USAT)Feb 27, 2013 (SmarTrend(R) Spotlight via COMTEX) -- USA Technologies (NASDAQ:USAT) is one of today's best performing low-priced stocks, up 6.3% to $2.37 on 1.2x average daily volume. USA Technologies has traded 407,000 shares thus far today, vs. average volume of 338,000 shares per day. The stock has outperformed the Dow (6.3% to the Dow's 0.9%) and outperformed the S&P 500 (6.3% to the S&P's 1.0%) during today's trading. USA Technologies, Inc. offers consumer payment systems. The Company's e-Port electronic business solution is a credit card payment system that is used at vending machines, convenience stores, gas pumps, and other retail points-of-sale. Over the past year, USA Technologies has traded in a range of $0.93 to $3.74 and is now at $2.37, 155% above that low. The 200-day and 50-day moving averages have moved 0.81% higher and 1.34% higher over the past week, respectively. There is potential upside of 47.7% for shares of USA Technologies based on a current price of $2.37 and an average consensus analyst price target of $3.50. The stock should find initial support at its 50-day moving average (MA) of $2.06 and further support at its 200-day MA of $1.60. SmarTrend is tracking the current trend status for USA Technologies and will alert subscribers who have USAT in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |