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Koninklijke Philips Electronics N.V.$48.42($.01)(.02%)

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 Philips Electronic Makes a Move: Down 2.3%
   Friday, January 24, 2014 12:02:08 PM ET

Down 2.3% to $36.72, Philips Electronic (PHG ), is one of today’s notable movers. The S&P is currently trading 1.1% lower to 1,808 and the Dow Jones Industrial Average is trading 1.0% lower to 16,040.

There is potential upside of 12.3% for shares of Philips Electronic based on a current price of $36.72 and an average consensus analyst price target of $41.25. The stock should discover initial support at its 50-day moving average (MA) of $36.02 and subsequent support at its 200-day MA of $32.08.

Over the past year, Philips Electronic has traded in a range of $26.51 to $38.40 and is now at $36.72, 39% above that low. The 200-day and 50-day moving averages have moved 0.39% higher and 0.43% higher over the past week, respectively.

Koninklijke (Royal) Philips Electronics N.V. manufactures medical systems, domestic appliances, consumer electronics, and lighting. The Company produces imaging, ultrasound and healthcare informatics equipment, shaving and beauty and health and wellness products, displays, and peripherals, and lamps and luminaries.


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