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Upgrade Alert for Computer Sciences (CSC)

By Nick Russo

Computer Sciences (NYSE:CSC) was upgraded from Market Perform to Outperform at BMO Capital today. The stock closed yesterday at $50.65 on volume of 21.6 million shares, above average daily volume of 1.1 million.

Computer Sciences Corporation provides consulting and information technology (IT) services to industry and government. The Company provides consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting. Computer Sciences operates locations around the world.

In the past 52 weeks, Computer Sciences share prices have been bracketed by a low of $24.27 and a high of $40.86 and closed yesterday at $50.65, 109% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.3%.

Computer Sciences (NYSE:CSC) is currently priced 24.1% above its average consensus analyst price target of $38.43. The stock should discover initial support at its 200-day moving average (MA) of $33.88 and subsequent support at its 50-day MA of $32.13.

SmarTrend recommended that subscribers consider buying shares of Computer Sciences on March 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.88. Since that recommendation, shares of Computer Sciences have risen 5.2%. We continue to monitor CSC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades computer sciences

Ticker(s): CSC