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Universal Stainless & Alloy shares dropped by 3.1pct
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Thursday, 27 Oct 2011
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It is reported that Universal Stainless & Alloy's share was down by 3.1% to USD 34.21. The S&P is currently trading 0.8% lower to 1,244 and the Dow Jones Industrial Average is trading 0.6% lower to 11,845.

In the past 52 weeks, shares of Universal Stainless & Alloy have traded between a low of USD 22.25 and a high of USD 52.70 and are now at USD 34.21, which is 54% above that low price. Over the last five market days, the 200 day moving average has remained constant while the 50 day MA has declined 0.6%.

Universal Stainless & Alloy has potential upside of 55.9% based on a current price of USD 34.21 and analysts' consensus price target of USD 53.33. The stock should hit resistance at its 200 day moving average of USD 34.65, as well as support at its 50 day MA of USD 30.41.

(Sourced from www.fnno.com)


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