Review on Stocks that Hit New High -- Research on Allegheny Technologies, Visteon, Avis Budget, and Patterson-UTI Energy

LONDON, May 9, 2014 /PRNewswire/ --

The markets on Thursday, May 08, 2014 ended on a mixed note as the Dow Jones Industrial Average finished the day at 16,550.97, up 0.20%, and the NASDAQ Composite closed at 4,051.50, down 0.40%. The S&P 500 finished the session 0.14% lower at 1,875.63. During the trading session, five out of ten sectors finished positive. Investor-Edge looks at some of the equities that hit a new 52-week high during the last session. These include Allegheny Technologies Inc. (NYSE: ATI), Visteon Corporation (NYSE: VC), Avis Budget Group Inc. (NASDAQ: CAR) and Patterson-UTI Energy Inc (NASDAQ: PTEN). Free technical research on ATI, VC, CAR and PTEN can be downloaded upon signing up at:

http://www.investor-edge.com/2328-register

Allegheny Technologies Inc.'s stock ended the day at $42.05 on Thursday, up 1.84%, after hitting a new 52-week high of $42.66. A total of 2.52 million shares were traded, which was above its three months average volume of 1.50 million shares. The stock moved between $41.47 and $42.66. Over the last one month and past three months, Allegheny Technologies Inc.'s shares have rallied 10.60% and 34.91%, respectively. Moreover, since the beginning of the year, the company's stock has gained an upside of 18.02%. The S&P 500 Materials Sector Index recorded a loss of 0.44% during the session, and the index has advanced 1.84% in the last one month. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $37.50 is greater than its 200-day moving average of $32.94. Allegheny Technologies Inc.'s stock has a Relative Strength Index (RSI) of 64.99. Sign up today to read free research on ATI at:

http://www.investor-edge.com/2328-ATI-09May2014.pdf

On Thursday, Visteon Corp.'s stock oscillated between $88.42 and $93.51, hitting a new 52-week high of $93.51. The company's stock closed the day 2.32% higher at $91.47. The company's stock reported a trading volume of 1.74 million shares, above its three months average volume of 0.59 million shares. Visteon Corp.'s shares have advanced 6.03% in the last one month, 12.80% in the previous three months and 11.70% on YTD basis. The S&P 500 Consumer Discretionary Sector Index mapped a gain of 0.24% during the session, and the index has declined 0.89% in the last one month. Visteon Corp.'s stock is trading above its 50-day and 200-day moving averages of $86.09 and $78.88, respectively. Further, shares of the company traded at a PE ratio of 13.04 and have a RSI of 58.98. Sign up today to read free research on VC at:

http://www.investor-edge.com/2328-VC-09May2014.pdf

Avis Budget Group Inc.'s stock fell by 4.15% on Thursday, finishing the day at $51.79, after hitting a new 52-week high of $56.25. The stock recorded a trading volume of 2.79 million shares, above its three months average volume of 2.13 million shares. The stock fluctuated between $51.47 and $56.25 during the trading session. Over the last one month and previous three months, Avis Budget Group Inc.'s shares have gained 4.35% and 32.97%, respectively. Also, the stock has surged 28.13% since the start of this year. The S&P 500 Industrials Sector Index mapped a loss of 0.03% during the session, and the index has advanced 4.82% in the past three months. The stock is trading above its 50-day and 200-day moving averages. Additionally, Avis Budget Group Inc.'s 50-day moving average of $49.73 is above its 200-day moving average of $37.74. Furthermore, the stock has an RSI of 62.69. Sign up today to read free research on CAR at:

http://www.investor-edge.com/2328-CAR-09May2014.pdf

On Thursday, shares in Patterson-UTI Energy Inc. closed the day at $32.89, down 3.17%, after hitting a new 52-week high of $34.11. The stock recorded a trading volume of 2.73 million shares, below its three month average volume of 3.13 million shares. Shares in Patterson-UTI Energy Inc. have gained 5.96% in the last one month, 16.88% in the previous three months and 29.90% on YTD basis. The S&P 500 Energy Sector Index finished the session down 1.28%, and the index has gone-up 4.68% in the last one month. Patterson-UTI Energy Inc.'s stock is trading above its 50-day and 200-day moving averages of $31.04 and $25.32, respectively. Furthermore, shares of the company traded at a PE ratio of 25.88 and have an RSI of 66.03. Sign up today to read free research on PTEN at:

http://www.investor-edge.com/2328-PTEN-09May2014.pdf


===============
EDITOR'S NOTES:
===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Investor-Edge

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED