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Downgrade Alert for Headwaters (HW)

By Shiri Gupta

Headwaters (NYSE:HW) was downgraded from Buy to Neutral at CL King today. The stock closed yesterday at $19.13 on volume of 470,000 shares, below average daily volume of 724,000.

Headwaters Incorporated develops and deploys alternative fuel and related technologies. The Company converts fossil fuels such as coal and heavy oils to alternative energy products while improving energy efficiency and the environment. Headwaters also acquires and expands synergistic new business opportunities.

In the past 52 weeks, shares of Headwaters have traded between a low of $13.41 and a high of $21.76 and closed yesterday at $19.13, which is 43% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

There is potential upside of 21.0% for shares of Headwaters based on a current price of $19.13 and an average consensus analyst price target of $23.14. Headwaters shares should encounter resistance at the 50-day moving average (MA) of $19.20 and support at its 200-day MA of $18.61.

SmarTrend is tracking the current trend status for Headwaters and will alert subscribers who have HW in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades headwaters

Ticker(s): HW