hiSoft Technology Makes a Move: Down 3.0%

Date:2011-11-01zhangxu  Text Size:

hiSoft Technology (NASDAQ:HSFT), a company whose shares are moving quickly, is trading 3.0% lower to $13.10. The Dow Jones Industrial Average is now trading fractionally lower to 12,205 and the S&P is trading 0.2% lower to 1,282.

Over the past year, hiSoft Technology has traded in a range of $8.02 to $34.00 and is now at $13.10, 63% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 2.1% while the 50-day MA has advanced 1.5%.

hiSoft Technology International Ltd. provides business process outsourcing services to customers in the telecommunications, software, financial services, pharmaceutical and manufacturing sectors.

hiSoft Technology (NASDAQ:HSFT) has potential upside of 47.4% based on a current price of $13.10 and analysts' consensus price target of $19.31. The stock should find resistance at its 200-day moving average (MA) of $17.00, as well as support at its 50-day MA of $10.33.

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