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Upgrade Alert for WESCO International (WCC)

By Amy Schwartz

WESCO International (NYSE:WCC) was upgraded from Neutral to Buy at Longbow today. The stock closed yesterday at $61.41 on volume of 847,000 shares, above average daily volume of 596,000.

WESCO International share prices have moved between a 52-week high of $74.61 and a 52-week low of $34.00 and closed yesterday at 81% above that low price at $61.41 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.1% while the 200-day MA has slid 0.4%.

WESCO International, Inc. distributes electrical products and other industrial maintenance, repair, and operating supplies. The Company also provides integrated supply services. WESCO operates branches and distribution centers in the United States, Canada, Puerto Rico, Guam, Mexico, the United Kingdom, and Singapore, which serve customers worldwide.

WESCO International (NYSE:WCC) is currently priced 13.5% above its average consensus analyst price target of $53.09. WESCO International shares have support at the 50-day moving average (MA) of $53.13 and additional support at the 200-day MA of $49.26.

SmarTrend recommended that subscribers consider buying shares of WESCO International on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.01. Since that recommendation, shares of WESCO International have risen 11.6%. We continue to monitor WCC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades wesco international

Ticker(s): WCC