Downgrade Alert for Daimler (DDAIF)
Daimler (NASDAQ:DDAIF) was downgraded from Hold to Sell at Evercore ISI today. The stock closed yesterday at $59.60 on volume of 72,000 shares, above average daily volume of 44,000.
Potential upside of 71.7% exists for Daimler , based on a current level of $59.65 and analysts' average consensus price target of $102.43. Daimler shares should first meet resistance at the 50-day moving average (MA) of $72.16 and find additional resistance at the 200-day MA of $78.43.
In the past 52 weeks, Daimler share prices have been bracketed by a low of $58.22 and a high of $101.65 and closed yesterday at $59.65, 2% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.
Daimler AG develops, manufactures, distributes, and sells a wide range of automotive products, mainly passenger cars, trucks, vans and buses. The Company also provides financial and other services relating to its automotive businesses.
SmarTrend is monitoring the recent change of momentum in Daimler . Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Daimler in search of a potential trend change.
Keywords: analyst upgrades/downgrades Daimler