TMCnet News
Downgrade Alert for ANSYS (ANSS)May 03, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- ANSYS (NASDAQ:ANSS) was downgraded from Buy to Hold at Canaccord Genuity today. The stock closed yesterday at $73.93 on volume of 1.2 million shares, above average daily volume of 284,000. ANSYS, Inc. develops, markets, and supports software solutions for design analysis and optimization. The Company's software accelerates product time to market, reduces production costs, improves engineering processes, and optimizes product quality and safety for a variety of manufactured products. ANSYS's product family features open, flexible architecture for easy integration. Potential upside of 8.4% exists for ANSYS, based on a current level of $73.93 and analysts' average consensus price target of $80.17. ANSYS shares should encounter resistance at the 50-day moving average (MA) of $78.00 and support at its 200-day MA of $71.28. ANSYS share prices have moved between a 52-week high of $81.55 and a 52-week low of $55.45 and closed yesterday at 33% above that low price at $73.93 per share. The 200-day and 50-day moving averages have moved 0.61% higher and 0.26% higher over the past week, respectively. SmarTrend is monitoring the recent change of momentum in ANSYS. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ANSYS in search of a potential trend change. 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 |