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Neutral Tandem (TNDM) Downgraded at Wedbush

Written on Fri, 07/30/2010 - 11:54am
By Chip Brian

Neutral Tandem (NASDAQ:TNDM) downgraded to Neutral from Outperform, target lowered to $11.5 from $19, at Wedbush. The stock closed yesterday at $10.53 on volume of 3,618,200 shares, above the average daily volume of 383,407.
In the past 52-weeks, shares of Neutral Tandem have traded between a low of $10.25 and a high of $34.56 and are now at $10.53, which is 2.7% above that low price.
Neutral Tandem should find initial resistance at its 50-day moving average (MA) of $12.32 and further resistance at its 200-day MA of $17.27. In the last five trading sessions, the 50-day MA has fallen 0.65% while the 200-day MA has slid 1.29%.
Neutral Tandem Inc. provides tandem interconnection services to competitive carriers, including wireless, wireline, cable telephony and Voice over Internet Protocol companies.

Keywords: Stock Alerts price trends technical analysis charting uptrend downtrend stock charts

Ticker(s): TNDM

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