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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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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