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Upgrade Alert for Brink's (BCO)

By David Diaz

Brink's (NYSE:BCO) was upgraded from In-Line to Outperform at Imperial Capital today. The stock closed yesterday at $35.16 on volume of 795,000 shares, above average daily volume of 298,000.

In the past 52 weeks, Brink's share prices have been bracketed by a low of $25.80 and a high of $35.35 and closed yesterday at $35.16, 36% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Brink's (NYSE:BCO) defies analysts with a current price ($35.16) 10.4% above its average consensus price target of $31.50. Brink's shares have support at the 50-day moving average (MA) of $32.26 and additional support at the 200-day MA of $30.07.

The Brink's Company provides security services globally. The Company provides secure transportation and cash management services, residential alarm services and global supply chain management.

SmarTrend recommended that subscribers consider buying shares of Brink's on July 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.58. Since that recommendation, shares of Brink's have risen 8.4%. We continue to monitor BCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades brink's

Ticker(s): BCO