TMCnet News
Upgrade Alert for Alliant Techsystems (ATK)Nov 09, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Alliant Techsystems (NYSE:ATK) was upgraded from Neutral to Buy at Goldman Sachs today. The stock closed yesterday at $57.08 on volume of 365,000 shares, above average daily volume of 327,000. Alliant Techsystems Inc. develops and supplies advanced weapon and space systems. The Company's offerings include advanced missile systems, precision-guided munitions, electronic warfare and aircraft integration programs, satellite components and sub-systems, military ammunition and gun systems, and supplies ammunition to law enforcement agencies. Alliant Techsystems (NYSE:ATK) is currently priced 0.4% above its average consensus analyst price target of $56.86. The stock should discover initial support at its 50-day moving average (MA) of $52.19 and subsequent support at its 200-day MA of $52.10. In the past 52 weeks, shares of Alliant Techsystems have traded between a low of $43.08 and a high of $62.95 and closed yesterday at $57.08, which is 32% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%. SmarTrend recommended that subscribers consider buying shares of Alliant Techsystems on August 7th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.07. Since that recommendation, shares of Alliant Techsystems have risen 18.7%. We continue to monitor ATK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. 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 |