Shares of AutoNavi Holdings Under Pressure, Down 3.1%


One of today's notable stocks in decline is AutoNavi Holdings (NASDAQ:AMAP), down 3.1% to $13.20. The S&P is currently trading 0.5% lower to 1,125 and the Dow Jones Industrial Average is trading 0.6% lower to 10,848.

AutoNavi Holdings Limited is a provider of digital map content and navigation and location-based solutions in China.

In the past 52 weeks, AutoNavi Holdings share prices have been bracketed by a low of $12.60 and a high of $22.72 and are now at $13.20, 5% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.1%.

AutoNavi Holdings has overhead space with shares priced $13.20, or 45.2% below the average consensus analyst price target of $24.08. The stock should run into initial resistance at its 50-day moving average (MA) of $15.08 and subsequent resistance at its 200-day MA of $16.51.


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