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Upgrade Alert for Total (TOT)

By Shiri Gupta

Total (NYSE:TOT) was upgraded from Equal Weight to Overweight at Barclays Capital today. The stock closed yesterday at $46.94 on volume of 1.1 million shares, below average daily volume of 2.1 million.

There is potential upside of 13.6% for shares of Total based on a current price of $46.94 and an average consensus analyst price target of $53.32. Total shares should encounter resistance at the 50-day moving average (MA) of $47.02 and support at its 200-day MA of $46.60.

Total SA explores for, produces, refines, transports, and markets oil and natural gas. The Company also operates a chemical division which produces polypropylene, polyethylene, polystyrene, rubber, paint, ink, adhesives, and resins. Total operates gasoline filling stations in Europe, the United States, and Africa.

In the past 52 weeks, shares of Total have traded between a low of $39.05 and a high of $54.53 and closed yesterday at $46.94, which is 20% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Total and will alert subscribers who have TOT in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades Total

Ticker(s): TOT