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Downgrade Alert for Motorola Solutions (MSI)

By Shiri Gupta

Motorola Solutions (NYSE:MSI) was downgraded from Buy to Neutral at Northcoast today. The stock closed yesterday at $74.22 on volume of 929,000 shares, below average daily volume of 1.2 million.

Motorola Solutions share prices have moved between a 52-week high of $76.83 and a 52-week low of $56.40 and closed yesterday at 32% above that low price at $74.22 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

Based on a current price of $74.22, Motorola Solutions is currently 13.6% above its average consensus analyst price target of $64.09. The stock should discover initial support at its 50-day moving average (MA) of $73.99 and subsequent support at its 200-day MA of $68.41.

Motorola Solutions, Inc. manufactures two-way radios and accessories, mobile computers, wireless network infrastructure, private radio systems, bar code scanning and radio frequency identification equipment, and public safety broadband equipment.

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

Keywords: analyst upgrades/downgrades motorola solutions

Ticker(s): MSI