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Shire (SHPGY) Downgrade Alert, Watch for 12.1% Technical Uptrend Reversal

Written on Fri, 07/30/2010 - 11:46am
By Chip Brian

Shire (NASDAQ:SHPGY) downgraded to Market Perform from Outperform at Bernstein. The stock closed yesterday at $68.77 on volume of 1,198,300 shares, above average daily volume of 623,224.
Shire is currently above its 50-day moving average of $63.70 and above its 200-day moving average of $61.47.
SmarTrend is bullish on shares of SHPGY and our subscribers received an Uptrend alert on May 28, 2010 at $61.36, which has returned 12.1% to date.

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

Ticker(s): SHPGY

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