Published on Wed, 09/14/2011 - 10:23
By FNN Staff in Market movers, LIWA, lihua international, market movers, nasdaq:liwa

One of today's notable stocks in decline is Lihua International (NASDAQ:LIWA), down 3.4% to $5.43. The Dow Jones Industrial Average is now trading 0.7% lower to 1,167 and the S&P is trading 0.5% lower to 1,167.

In the past 52 weeks, shares of Lihua International have traded between a low of $5.19 and a high of $13.05 and are now at $5.43, which is 5% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.2%.

There is a potential upside of 266.3% for shares of Lihua International based on a current price of $5.46 and an average consensus analyst price target of $20.00. The stock should find initial resistance at its 50-day moving average (MA) of $6.90 and further resistance at its 200-day MA of $8.61.

Lihua International, Inc. manufactures cable and wire. The Company produces copper clad aluminum superfine magnet wire for the consumer electronics, white goods, automotive, utility, telecommunications, and specialty cable industries.

Source:fnno