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Upgrade Alert for Select Comfort (SCSS)

By Amy Schwartz

Select Comfort (NASDAQ:SCSS) was upgraded from Neutral to Overweight at Piper Jaffray today. The stock closed yesterday at $27.68 on volume of 1.4 million shares, above average daily volume of 806,000.

There is potential upside of 0.1% for shares of Select Comfort based on a current price of $27.68 and an average consensus analyst price target of $27.71. Select Comfort shares have support at the 200-day moving average (MA) of $21.84 and additional support at the 50-day MA of $19.83.

In the past 52 weeks, Select Comfort share prices have been bracketed by a low of $14.28 and a high of $32.36 and closed yesterday at $27.68, 94% above that low price. The 200-day and 50-day moving averages have moved 0.41% lower and 3.14% higher over the past week, respectively.

Select Comfort Corporation designs, manufactures, and markets a line of air bed mattresses with adjustable firmness, as well as foundations and accessories. The Company's products are sold through retail stores located across the United States and through its national direct marketing operations.

SmarTrend is monitoring the recent change of momentum in Select Comfort. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Select Comfort in search of a potential trend change.

Keywords: analyst upgrades/downgrades select comfort

Ticker(s): SCSS