TMCnet News
Downgrade Alert for Alliant Techsystems (ATK)Feb 06, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Alliant Techsystems (NYSE:ATK) was downgraded from Hold to Underweight at Keybanc today. The stock closed yesterday at $63.55 on volume of 402,000 shares, above average daily volume of 261,000. 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) has potential upside of 0.0% based on a current price of $65.22 and analysts' consensus price target of $65.25. The stock should find initial support at its 50-day moving average (MA) of $63.39 and further support at its 200-day MA of $54.14. In the past 52 weeks, shares of Alliant Techsystems have traded between a low of $43.08 and a high of $67.78 and closed yesterday at $65.22, which is 51% above that low price. The 200-day and 50-day moving averages have moved 0.37% higher and 0.48% higher over the past week, respectively. 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 35.7%. 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 |