VanceInfo Technologies Makes a Move: Up 6.6%


Published on Tue, 09/13/2011 - 10:04
By Mallory Stone in Market movers, VIT, market movers, nyse:vit, vanceinfo technologies

One of today's notable stocks on the rise is VanceInfo Technologies (NYSE:VIT), up 6.6% to $11.33. The Dow is trading fractionally higher to 11,082 and the S&P is currently up 0.5% to 1,168.

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.

In the past 52 weeks, VanceInfo Technologies share prices have been bracketed by a low of $9.93 and a high of $41.06 and are now at $11.33, 14% above that low price. The 200-day and 50-day moving averages have moved 1.43% lower and 4.13% lower over the past week, respectively.

There is a potential upside of 68.7% for shares of VanceInfo Technologies based on a current price of $11.47 and an average consensus analyst price target of $19.35. The stock should find initial resistance at its 50-day moving average (MA) of $16.69 and further resistance at its 200-day MA of $27.56.


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