[May 20, 2013] Traders Get Bullish on Shares of Quantum, Shares Up 5.6% (QTM) Tweet May 20, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Quantum (NYSE:QTM) is one of today's best performing low-priced stocks, up 5.6% to $1.51 on 1.6x average daily volume. Thus far today, Quantum has traded 3.1 million shares, vs. average volume of 2.0 million shares per day. The stock has outperformed the Dow (5.6% to the Dow's 0.1%) and outperformed the S&P 500 (5.6% to the S&P's 0.2%) during today's trading. Quantum has overhead space with shares priced $1.51, or 18.4% below the average consensus analyst price target of $1.85. The stock should discover initial support at its 200-day moving average (MA) of $1.39 and subsequent support at its 50-day MA of $1.33. Quantum share prices have moved between a 52-week high of $2.19 and a 52-week low of $1.00 and are now trading 51% above that low price at $1.51 per share. The 200-day and 50-day moving averages have moved 0.08% higher and 1.25% higher over the past week, respectively. Quantum Corporation's range of storage products include disk backup and deduplication appliances, virtual data protection solutions, data management software and tape libraries. SmarTrend is tracking the current trend status for Quantum and will alert subscribers who have QTM in their portfolio or watchlist when shares have changed trend direction. 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 [ Back To TMCnet.com's Homepage ]