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Hot Stock: AuthenTec, Shares Gain 5.3% (AUTH)May 29, 2012 (SmarTrend(R) Spotlight via COMTEX) -- AuthenTec (NASDAQ:AUTH) is one of today's best performing low-priced stocks, up 5.3% to $4.18 on 1.1x average daily volume. AuthenTec has traded 297,000 shares thus far today, vs. average volume of 270,000 shares per day. The stock has outperformed the Dow (5.3% to the Dow's 1.2%) and outperformed the S&P 500 (5.3% to the S&P's 1.2%) during today's trading. AuthenTec, Inc. manufactures fingerprint authentication sensors. The Company produces sensors for personal computers, wireless devices, and building security. In the past 52 weeks, AuthenTec share prices have been bracketed by a low of $2.15 and a high of $4.20 and are now at $4.18, 94% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 2.1%. Potential upside of 27.6% exists for AuthenTec, based on a current level of $4.18 and analysts' average consensus price target of $5.33. The stock should discover initial support at its 50-day moving average (MA) of $3.42 and subsequent support at its 200-day MA of $3.29. SmarTrend recommended that subscribers consider buying shares of AuthenTec on January 6th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $3.35. Since that recommendation, shares of AuthenTec have risen 18.7%. We continue to monitor AUTH 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 |