TMCNet:  Stock to Watch: GT Advanced Technologies Down 5.8% (GTAT)

[March 04, 2013]

Stock to Watch: GT Advanced Technologies Down 5.8% (GTAT)

Mar 04, 2013 (SmarTrend(R) Spotlight via COMTEX) -- GT Advanced Technologies (NASDAQ:GTAT) is one of today's worst performing low-priced stocks, down 5.8% to $2.62 on 1.0x average daily volume. GT Advanced Technologies has traded 2.8 million shares thus far today, vs. average volume of 2.8 million shares per day. The stock has underperformed the Dow (-5.8% to the Dow's -0.1%) and underperformed the S&P 500 (-5.8% to the S&P's -0.0%) during today's trading.


There is potential upside of 57.4% for shares of GT Advanced Technologies based on a current price of $2.62 and an average consensus analyst price target of $4.12. GT Advanced Technologies shares should first meet resistance at the 50-day moving average (MA) of $3.20 and find additional resistance at the 200-day MA of $4.42.

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.

GT Advanced Technologies share prices have moved between a 52-week high of $17.50 and the current low of $2.61 and are currently at $2.62 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 1.6%.

SmarTrend is tracking the current trend status for GT Advanced Technologies and will alert subscribers who have GTAT in their portfolio or watchlist when shares have changed trend direction.

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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