May 13, 2013 (Market movers via COMTEX) -- Conn's (NASDAQ:CONN) is one of today's notable stocks on the rise, up 5.4% to $48.43. The Dow is trading fractionally lower to 15,088 and the S&P is currently trading fractionally higher to 1,635.
Conn's, Inc. is a specialty retailer of home appliances and consumer electronics through stores in Texas and Louisiana, and via its website. Conn's also offers home office equipment, lawn and garden products, and other home products such as bedding.
Based on a current price of $48.43, Conn's is currently 22.4% above its average consensus analyst price target of $37.57. The stock should discover initial support at its 50-day moving average (MA) of $39.59 and subsequent support at its 200-day MA of $29.33.
In the past 52 weeks, shares of Conn's have traded between a low of $14.40 and a high of $48.55 and are now at $48.43, which is 236% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.6% while the 200-day MA has risen 2.5%.
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