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Upgrade Alert for Mine Safety Appliances (MSA)

By James Quinn

Mine Safety Appliances (NYSE:MSA) was upgraded from Hold to Buy at Stifel today. The stock closed yesterday at $53.14 on volume of 357,000 shares, above average daily volume of 120,000.

Mine Safety Appliances (NYSE:MSA) is currently priced 2.1% above its average consensus analyst price target of $52.00. The stock should discover initial support at its 50-day moving average (MA) of $47.30 and subsequent support at its 200-day MA of $44.75.

Over the past year, Mine Safety Appliances has traded in a range of $37.68 to $54.54 and closed yesterday at $53.14, 41% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

Mine Safety Appliances Company manufactures and sells products designed to protect the safety and health of workers worldwide. The Company's products include respiratory protective equipment and instruments that monitor and analyze workplace environments and control industrial processes. In addition, Mine Safety produces personal protective products.

SmarTrend recommended that subscribers consider buying shares of Mine Safety Appliances on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.97. Since that recommendation, shares of Mine Safety Appliances have risen 19.9%. We continue to monitor MSA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades mine safety appliances

Ticker(s): MSA