MWI Veterinary Supply Shares Sinking Lower, Down 5.6%
Published on Fri, 07/25/2014 - 11:07
By Mallory Stone in Market movers, MWIV, market movers, mwi veterinary supply, nasdaq:mwiv
One of today's notable stocks in decline is MWI Veterinary Supply (NASDAQ:MWIV), down 5.6% to $137.84. The Dow Jones Industrial Average is now trading 0.6% lower to 16,973 and the S&P is trading 0.3% lower to 1,982.
MWI Veterinary Supply (NASDAQ:MWIV) has potential upside of 21.7% based on a current price of $137.84 and analysts' consensus price target of $167.80. The stock should run into initial resistance at its 50-day moving average (MA) of $141.92 and subsequent resistance at its 200-day MA of $158.76.
In the past 52 weeks, shares of MWI Veterinary Supply have traded between a low of $101.00 and a high of $188.40 and are now at $137.84, which is 36% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.
MWI Veterinary Supply, Inc. distributes animal health products to veterinarians across the United States. The Company distributes products sourced from various vendors to veterinary practices from several strategically located distribution centers. MWI sells products such as pharmaceuticals, vaccines, parasiticides, diagnostics, and veterinary pet food.
By Mallory Stone
mstone@fnno.com
Share on facebookShare on twitter
More Sharing Services0