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Downgrade Alert for Total (TOT)

By David Diaz

Total (NYSE:TOT) was downgraded from Overweight to Neutral at JP Morgan today. The stock closed yesterday at $46.61 on volume of 2.3 million shares, above average daily volume of 2.1 million.

Total SA explores for, produces, refines, transports, and markets oil and natural gas. The Company also operates a chemical division which produces polypropylene, polyethylene, polystyrene, rubber, paint, ink, adhesives, and resins. Total operates gasoline filling stations in Europe, the United States, and Africa.

In the past 52 weeks, shares of Total have traded between a low of $39.05 and a high of $54.53 and closed yesterday at $46.61, which is 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

Total (NYSE:TOT) has potential upside of 14.4% based on a current price of $46.61 and analysts' consensus price target of $53.32. The stock should find resistance at its 50-day moving average (MA) of $47.02, as well as support at its 200-day MA of $46.60.

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

Keywords: analyst upgrades/downgrades Total

Ticker(s): TOT