Review on Stocks that Hit New High -- Research on Allegheny Technologies, Visteon, Avis Budget, and Patterson-UTI Energy

By PR Newswire,  May 09, 2014, 01:10:00 PM EDT


Editor Note: For more information about this release, please scroll to bottom.

LONDON, May 9, 2014 /PRNewswire/ --



The markets on Thursday, May 08, 2014 ended on a mixed note as the Dow Jones Industrial Average finished the day at 16,550.97, up 0.20%, and the NASDAQ Composite closed at 4,051.50, down 0.40%. The S&P 500 finished the session 0.14% lower at 1,875.63. During the trading session, five out of ten sectors finished positive. Investor-Edge looks at some of the equities that hit a new 52-week high during the last session. These include Allegheny Technologies Inc. (NYSE:ATI), Visteon Corporation (NYSE:VC), Avis Budget Group Inc. (NASDAQ:CAR) and Patterson-UTI Energy Inc (NASDAQ:PTEN). Free technical research on ATI, VC, CAR and PTEN can be downloaded upon signing up at:



http://www.investor-edge.com/2328-register



Allegheny Technologies Inc.'s stock ended the day at $42.05 on Thursday, up 1.84%, after hitting a new 52-week high of $42.66. A total of 2.52 million shares were traded, which was above its three months average volume of 1.50 million shares. The stock moved between $41.47 and $42.66. Over the last one month and past three months, Allegheny Technologies Inc.'s shares have rallied 10.60% and 34.91%, respectively. Moreover, since the beginning of the year, the company's stock has gained an upside of 18.02%. The S&P 500 Materials Sector Index recorded a loss of 0.44% during the session, and the index has advanced 1.84% in the last one month. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $37.50 is greater than its 200-day moving average of $32.94. Allegheny Technologies Inc.'s stock has a Relative Strength Index (RSI) of 64.99. Sign up today to read free research on ATI at:



http://www.investor-edge.com/2328-ATI-09May2014.pdf



On Thursday, Visteon Corp.'s stock oscillated between $88.42 and $93.51, hitting a new 52-week high of $93.51. The company's stock closed the day 2.32% higher at $91.47. The company's stock reported a trading volume of 1.74 million shares, above its three months average volume of 0.59 million shares. Visteon Corp.'s shares have advanced 6.03% in the last one month, 12.80% in the previous three months and 11.70% on YTD basis. The S&P 500 Consumer Discretionary Sector Index mapped a gain of 0.24% during the session, and the index has declined 0.89% in the last one month. Visteon Corp.'s stock is trading above its 50-day and 200-day moving averages of $86.09 and $78.88, respectively. Further, shares of the company traded at a PE ratio of 13.04 and have a RSI of 58.98. Sign up today to read free research on VC at:



http://www.investor-edge.com/2328-VC-09May2014.pdf



Avis Budget Group Inc.'s stock fell by 4.15% on Thursday, finishing the day at $51.79, after hitting a new 52-week high of $56.25. The stock recorded a trading volume of 2.79 million shares, above its three months average volume of 2.13 million shares. The stock fluctuated between $51.47 and $56.25 during the trading session. Over the last one month and previous three months, Avis Budget Group Inc.'s shares have gained 4.35% and 32.97%, respectively. Also, the stock has surged 28.13% since the start of this year. The S&P 500 Industrials Sector Index mapped a loss of 0.03% during the session, and the index has advanced 4.82% in the past three months. The stock is trading above its 50-day and 200-day moving averages. Additionally, Avis Budget Group Inc.'s 50-day moving average of $49.73 is above its 200-day moving average of $37.74. Furthermore, the stock has an RSI of 62.69. Sign up today to read free research on CAR at:



http://www.investor-edge.com/2328-CAR-09May2014.pdf



On Thursday, shares in Patterson-UTI Energy Inc. closed the day at $32.89, down 3.17%, after hitting a new 52-week high of $34.11. The stock recorded a trading volume of 2.73 million shares, below its three month average volume of 3.13 million shares. Shares in Patterson-UTI Energy Inc. have gained 5.96% in the last one month, 16.88% in the previous three months and 29.90% on YTD basis. The S&P 500 Energy Sector Index finished the session down 1.28%, and the index has gone-up 4.68% in the last one month. Patterson-UTI Energy Inc.'s stock is trading above its 50-day and 200-day moving averages of $31.04 and $25.32, respectively. Furthermore, shares of the company traded at a PE ratio of 25.88 and have an RSI of 66.03. Sign up today to read free research on PTEN at:



http://www.investor-edge.com/2328-PTEN-09May2014.pdf





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EDITOR'S NOTES:

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1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.



2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.



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SOURCE Investor-Edge



This article appears in: News Headlines

Referenced Stocks: ATI, CAR, PTEN, VC


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