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Thursday, March 22, 2012

Industrial Stocks Jump (SWHC) (HIT) (HDNG) (TWIN) (FLOW)

Smith & Wesson Holding (NASDAQ: SWHC): traded higher by 11.91% or $0.822/share to $7.72. In the past year, the shares have traded as low as $2.29 and as high as $7.09. On average, 931933 shares of SWHC exchange hands on a given day and today's volume is recorded at 2957978. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $5.71 area where the stock will likely see buying pressure.

Hitachi, Ltd. (ADR) (NYSE: HIT): traded higher by 1.65% or $0.98/share to $60.46. In the past year, the shares have traded as low as $46.91 and as high as $63.17. On average, 74290 shares of HIT exchange hands on a given day and today's volume is recorded at 36689. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $57.41 area where the stock will likely see buying pressure.

Hardinge Inc. (NASDAQ: HDNG): traded higher by 1.25% or $0.119/share to $9.66. In the past year, the shares have traded as low as $6.97 and as high as $14.00. On average, 23718 shares of HDNG exchange hands on a given day and today's volume is recorded at 7161. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $10.03 represents resistance and the 200-day moving average of $9.14 would be an area of support.

Twin Disc, Incorporated (NASDAQ: TWIN): traded higher by 0.79% or $0.21/share to $26.81. In the past year, the shares have traded as low as $23.08 and as high as $47.39. On average, 180964 shares of TWIN exchange hands on a given day and today's volume is recorded at 44072. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $31.22 area but be careful because the stock may face selling pressure at this level.

Flow International Corp. (NASDAQ: FLOW): remained unchanged at $4.15. In the past year, the shares have traded as low as $1.90 and as high as $4.67. On average, 279997 shares of FLOW exchange hands on a given day and today's volume is recorded at 90868. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $4.01 area where the stock will likely see buying pressure.