May 13, 2013 (Market movers via COMTEX) -- One of today's stocks on the move is Nidec (NYSE:NJ), down 1.6% to $16.86. The Dow is trading fractionally lower to 15,091 and the S&P is currently trading fractionally lower to 1,632.
NIDEC CORPORATION manufactures small precision motors and mid-size motors for electronic devices such as hard disk drives, floppy disk drives, CD-ROMs/DVDs, automatic doors, photocopiers, and printers. The Company also produces DC fans and machinery. Nidec supplies IBM, Fujitsu, and other computer and electronic equipment manufacturers.
In the past 52 weeks, Nidec share prices have been bracketed by a low of $13.40 and a high of $21.35 and are now at $16.86, 26% above that low price. The 200-day and 50-day moving averages have moved 0.3% lower and 1.76% higher over the past week, respectively.
Nidec (NYSE:NJ) has potential upside of 12.6% based on a current price of $16.86 and analysts' consensus price target of $18.98. The stock should find initial support at its 200-day moving average (MA) of $16.37 and further support at its 50-day MA of $15.25.
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