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Upgrade Alert for Bruker (BRKR)

By David Diaz

Bruker (NASDAQ:BRKR) was upgraded from Neutral to Buy at Janney Montgomery today. The stock closed yesterday at $21.79 on volume of 4.6 million shares, above average daily volume of 1.1 million.

There is potential upside of 2.0% for shares of Bruker based on a current price of $21.79 and an average consensus analyst price target of $22.23. The stock should find initial resistance at its 200-day moving average (MA) of $22.60 and further resistance at its 50-day MA of $28.13.

In the past 52 weeks, Bruker share prices have been bracketed by a low of $15.78 and a high of $29.85 and closed yesterday at $21.79, 38% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.7%.

Bruker Corporation designs, manufactures, and markets proprietary life science systems based on spectrometry technology platforms. The Company also sells a range of field analytical systems for substance detection and pathogen identification. Bruker develops life science and advanced materials research tools based on X-ray technology.

SmarTrend recommended that its subscribers protect gains by selling shares of Bruker on May 18th, 2016 by issuing a Downtrend alert when the shares were trading at $26.10. Since that call, shares of Bruker have fallen 5.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades bruker

Ticker(s): BRKR