TMCnet News
Upgrade Alert for Headwaters (HW)Dec 28, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Headwaters (NYSE:HW) was upgraded from Market Perform to Outperform at Avondale today. The stock closed yesterday at $8.18 on volume of 2.0 million shares, above average daily volume of 944,000. Headwaters has overhead space with shares priced $8.18, or 2.3% below the average consensus analyst price target of $8.38. The stock should find initial support at its 50-day moving average (MA) of $7.24 and further support at its 200-day MA of $5.81. In the past 52 weeks, shares of Headwaters have traded between a low of $1.96 and a high of $8.89 and closed yesterday at $8.18, which is 317% above that low price. The 200-day and 50-day moving averages have moved 1.27% higher and 1.38% higher over the past week, respectively. Headwaters Incorporated develops and deploys alternative fuel and related technologies. The Company converts fossil fuels such as coal and heavy oils to alternative energy products while improving energy efficiency and the environment. Headwaters also acquires and expands synergistic new business opportunities. SmarTrend recommended that subscribers consider buying shares of Headwaters on November 21st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.00. Since that recommendation, shares of Headwaters have risen 16.9%. We continue to monitor HW 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 |