Upgrade Alert for Anheuser-Busch InBev (BUD)
Anheuser-Busch InBev (NYSE:BUD) was upgraded from Reduce to Neutral at Nomura today. The stock closed yesterday at $93.38 on volume of 934,000 shares, below average daily volume of 2.2 million.
Anheuser-Busch InBev has overhead space with shares priced $93.38, or 8.8% below the average consensus analyst price target of $102.42. The stock should find initial support at its 50-day moving average (MA) of $88.95 and further support at its 200-day MA of $82.32.
Over the past year, Anheuser-Busch InBev has traded in a range of $64.99 to $94.49 and closed yesterday at $93.38, 44% above that low. The 200-day and 50-day moving averages have moved 0.47% higher and 0.46% higher over the past week, respectively.
Anheuser-Busch InBev NV brews beer. The Company manufactures ale, lager, stout, and bitter beer. Anheuser-Busch InBev owns brands that are both nationally and internationally prominent. The Company has production plants in Europe, the Americas, and Asia.
SmarTrend is monitoring the recent change of momentum in Anheuser-Busch InBev. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Anheuser-Busch InBev in search of a potential trend change.
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