TMCNet:  Hot Stock: GT Advanced Technologies , Shares Gain 6.0% (GTAT)

[February 12, 2013]

Hot Stock: GT Advanced Technologies , Shares Gain 6.0% (GTAT)

Feb 12, 2013 (SmarTrend(R) Spotlight via COMTEX) -- GT Advanced Technologies (NASDAQ:GTAT) is one of today's best performing low-priced stocks, up 6.0% to $3.38 on 1.1x average daily volume. GT Advanced Technologies has traded 2.8 million shares thus far today, vs. average volume of 2.6 million shares per day. The stock has outperformed the Dow (6.0% to the Dow's 0.5%) and outperformed the S&P 500 (6.0% to the S&P's 0.3%) during today's trading.


In the past 52 weeks, shares of GT Advanced Technologies have traded between a low of $2.82 and a high of $17.50 and are now at $3.38, which is 20% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.3%.

Potential upside of 22.0% exists for GT Advanced Technologies , based on a current level of $3.38 and analysts' average consensus price target of $4.12. The stock should hit resistance at its 200-day moving average (MA) of $4.62, as well as support at its 50-day MA of $3.22.

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.

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 35.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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