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Downgrade Alert for Thomson Reuters (TRI)

By James Quinn

Thomson Reuters (NYSE:TRI) was downgraded from Buy to Hold at TD Securities today. The stock closed yesterday at $38.55 on volume of 1.9 million shares, above average daily volume of 790,000.

Over the past year, Thomson Reuters has traded in a range of $33.96 to $42.81 and closed yesterday at $38.55, 14% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

Thomson Reuters Corporation is an electronic information and solutions company that serves the global business and professional marketplace. The Company provides proprietary online systems and CD-ROM products in information sectors such as legal and regulatory, financial, scientific reference and healthcare, and corporate training.

There is potential upside of 10.2% for shares of Thomson Reuters based on a current price of $38.55 and an average consensus analyst price target of $42.50. The stock should run into initial resistance at its 200-day moving average (MA) of $39.10 and subsequent resistance at its 50-day MA of $39.49.

SmarTrend is monitoring the recent change of momentum in Thomson Reuters. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Thomson Reuters in search of a potential trend change.

Keywords: analyst upgrades/downgrades Thomson Reuters

Ticker(s): TRI