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Traders Get Bullish on Shares of GT Advanced Technologies , Shares Up 7.8% (GTAT)
[December 12, 2012]

Traders Get Bullish on Shares of GT Advanced Technologies , Shares Up 7.8% (GTAT)

Dec 12, 2012 (SmarTrend(R) Spotlight via COMTEX) -- GT Advanced Technologies (NASDAQ:GTAT) is one of today's best performing low-priced stocks, up 7.8% to $3.75 on 1.0x average daily volume. Thus far today, GT Advanced Technologies has traded 3.5 million shares, vs. average volume of 3.4 million shares per day. The stock has outperformed the Dow (7.8% to the Dow's 0.5%) and outperformed the S&P 500 (7.8% to the S&P's 0.7%) during today's trading.

In the past 52 weeks, shares of GT Advanced Technologies have traded between a low of $3.00 and a high of $17.50 and are now at $3.75, which is 25% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 2.1%.

GT Advanced Technologies Inc. manufactures solar power equipment. The Company is a global provider of polysilicon production technology, crystalline ingot growth systems and related photovoltaic manufacturing services for the solar industry.

There is potential upside of 52.0% for shares of GT Advanced Technologies based on a current price of $3.75 and an average consensus analyst price target of $5.70. The stock should run into initial resistance at its 50-day moving average (MA) of $5.50 and subsequent resistance at its 200-day MA of $6.29.

SmarTrend recommended that its subscribers protect gains by selling shares of GT Advanced Technologies on October 10th, 2012 by issuing a Downtrend alert when the shares were trading at $4.95. Since that call, shares of GT Advanced Technologies have fallen 29.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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