May 14, 2013 (Market movers via COMTEX) -- Up 1.9% to $69.14, Valspar (NYSE:VAL), is one of today's notable movers. The S&P is trading higher by 0.7% to 1,646 and the Dow is trading 0.5% higher to 15,160.
Over the past year, Valspar has traded in a range of $45.29 to $69.40 and is now at $69.14, 53% above that low. The 200-day and 50-day moving averages have moved 0.43% higher and 0.57% higher over the past week, respectively.
Valspar has overhead space with shares priced $69.14, or 0.1% below the average consensus analyst price target of $69.23. The stock should find initial support at its 50-day moving average (MA) of $63.14 and further support at its 200-day MA of $59.99.
The Valspar Corporation manufactures and distributes coatings, coating intermediates, and specialty chemical products. The Company manufactures products such as wood coatings, metal coatings, composites and glass coatings, polymers, resins, and dispersions products. Valspar distributes its products to customers in North America and other countries around the world.
---------------------------------------------------------------------------------------------
Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.
Copyright, Comtex News Network, Inc. 2013
