TMCNet:  Hot Stock: GT Advanced Technologies , Shares Gain 7.9% (GTAT)

[April 23, 2013]

Hot Stock: GT Advanced Technologies , Shares Gain 7.9% (GTAT)

Apr 23, 2013 (SmarTrend(R) Spotlight via COMTEX) -- GT Advanced Technologies (NASDAQ:GTAT) is one of today's best performing low-priced stocks, up 7.9% to $3.55 on 1.2x average daily volume. GT Advanced Technologies has traded 3.9 million shares thus far today, vs. average volume of 3.4 million shares per day. The stock has outperformed the Dow (7.9% to the Dow's 0.8%) and outperformed the S&P 500 (7.9% to the S&P's 0.9%) during today's trading.


In the past 52 weeks, GT Advanced Technologies share prices have been bracketed by a low of $2.61 and a high of $17.50 and are now at $3.55, 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.7%.

GT Advanced Technologies (NASDAQ:GTAT) has potential upside of 10.3% based on a current price of $3.55 and analysts' consensus price target of $3.92. The stock should find resistance at its 200-day moving average (MA) of $4.15, as well as support at its 50-day MA of $3.13.

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 is monitoring the recent change of momentum in GT Advanced Technologies . Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of GT Advanced Technologies in search of a potential trend change.

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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