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Hospira (HSP) Approaches New Upside Target of $32.77
[January 09, 2013]

Hospira (HSP) Approaches New Upside Target of $32.77

Jan 09, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Hospira (NYSE:HSP) have bullishly opened above the pivot of $32.36 today and have reached the first resistance level of $32.56. Should the shares continue to rise, the resistance pivots of $32.77 and $33.18 will be of interest.

Based on a current price of $32.40, Hospira is currently 0.5% above its average consensus analyst price target of $32.25. Hospira shares should encounter resistance at the 200-day moving average (MA) of $33.25 and support at the 50-day MA of $30.84.

Hospira share prices have moved between a 52-week high of $38.49 and a 52-week low of $28.62 and are now trading 13% above that low price at $32.40 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Hospira on December 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.98. Since that recommendation, shares of Hospira have risen 4.5%. We continue to monitor HSP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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