VanceInfo Technologies Shares Climbing Higher, Up 5.3%

Date:2011-11-21zhangxu  Text Size:

Up 5.3% to $12.30, VanceInfo Technologies (NYSE:VIT), is one of today's notable movers. The Dow is up 0.3% to 11,801 and the S&P is currently trading fractionally higher to 1,216.

In the past 52 weeks, shares of VanceInfo Technologies have traded between a low of $6.19 and a high of $41.06 and are now at $12.30, which is 99% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2.3% while the 50-day MA has declined 0.9%.

VanceInfo Technologies Inc. is an information technology solutions and software development company. The Company's services includes research and development enterprise solutions, application development and maintenance, quality assurance and testing, as well as globalization and localization.

Potential upside of 17.8% exists for VanceInfo Technologies, based on a current level of $12.30 and analysts' average consensus price target of $14.49. The stock should find resistance at its 200-day moving average (MA) of $21.35, as well as support at its 50-day MA of $9.91.

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