May 13, 2013 (Market movers via COMTEX) -- Nissan Motor (NASDAQ:NSANY), a company whose shares are moving quickly, is trading 4.3% higher to $21.80. The Dow is trading fractionally lower to 15,091 and the S&P is currently trading fractionally lower to 1,632.
Over the past year, Nissan Motor has traded in a range of $16.44 to $21.99 and is now at $21.80, 33% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.
NISSAN MOTOR CO., LTD. manufactures and markets automobiles, light trucks, and its related parts. The Company has overseas production bases in the US, the UK, and Mexico. Nissan Motor also provides financing services and produces industrial motor vehicles such as towing tractors and forklifts.
Nissan Motor (NASDAQ:NSANY) is currently priced 3.9% above its average consensus analyst price target of $20.95. The stock should discover initial support at its 50-day moving average (MA) of $20.40 and subsequent support at its 200-day MA of $19.20.
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