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Portugal Telecom (PT) Upgrade Alert, Watch for 8.8% Technical Uptrend Continuation

Written on Fri, 07/30/2010 - 11:51am
By Chip Brian

Portugal Telecom (NYSE:PT) upgraded to Market Perform from Underperform at Bernstein. The stock closed yesterday at $11.03 on volume of 402,700 shares, above average daily volume of 239,684.
Portugal Telecom is currently above its 50-day moving average of $10.34 and above its 200-day moving average of $11.01.
SmarTrend is bullish on shares of PT and our subscribers received an Uptrend alert on May 27, 2010 at $10.14, which has returned 8.8% to date.

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

Ticker(s): PT

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