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TMCNet:  Traders Get Bullish on Shares of GT Advanced Technologies , Shares Up 7.8% (GTAT)

[December 12, 2012]

Traders Get Bullish on Shares of GT Advanced Technologies , Shares Up 7.8% (GTAT)

Dec 12, 2012 (SmarTrend(R) Spotlight via COMTEX) -- GT Advanced Technologies (NASDAQ:GTAT) is one of today's best performing low-priced stocks, up 7.8% to $3.75 on 1.0x average daily volume. Thus far today, GT Advanced Technologies has traded 3.5 million shares, vs. average volume of 3.4 million shares per day. The stock has outperformed the Dow (7.8% to the Dow's 0.5%) and outperformed the S&P 500 (7.8% to the S&P's 0.7%) during today's trading.

In the past 52 weeks, shares of GT Advanced Technologies have traded between a low of $3.00 and a high of $17.50 and are now at $3.75, which is 25% 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 2.1%.

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.

There is potential upside of 52.0% for shares of GT Advanced Technologies based on a current price of $3.75 and an average consensus analyst price target of $5.70. The stock should run into initial resistance at its 50-day moving average (MA) of $5.50 and subsequent resistance at its 200-day MA of $6.29.

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 29.6%. 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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