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Tuesday, December 13, 2011

Tesco Shares prices Climbing Higher

Tesco Shares prices Climbing Higher, Tesco Shares prices 2012 : One of today's stocks on the move is Tesco (NASDAQ:TESO), up 2.9% to $12.65. The S&P is trading higher by 0.4% to 1,241 and the Dow is trading 0.5% higher to 12,086.

In the past 52 weeks, Tesco share prices have been bracketed by a low of $10.01 and a high of $23.39 and are now at $12.65, 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.4%.

Tesco Corporation is an international oilfield service company operating worldwide. The Company designs, manufactures, sells, and operates top drive and underbalanced drilling systems, completion products, and control, electrical, and hydraulic systems.

There is potential upside of 37.0% for shares of Tesco based on a current price of $12.65 and an average consensus analyst price target of $17.33. Tesco shares should first meet resistance at the 50-day moving average (MA) of $13.55 and find additional resistance at the 200-day MA of $16.98. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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