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Technical Analysis
- 9/30/2009 9:03:03 AM
By Chip Brian, SmarTrend Analytics Team
AmerisourceBergen (NYSE:ABC) upgraded to Buy, $26 target, at Goldman. The stock closed yesterday at $21.98 on volume of 2,991,400 shares, below average daily volume of 3,106,936.
AmerisourceBergen is currently above its 50-day moving average of $20.74 and above its 200-day moving average of $18.31.
SmarTrend is bullish on shares of ABC and our subscribers received an Uptrend alert on March 25, 2009 at $16.18, which has returned 35.8% to date.
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