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Brunswick (BC) Upgrade Alert, Watch for 10.1% Technical Downtrend Reversal - 11/2/2009 8:46:34 AM

By Chip Brian, SmarTrend Analytics Team
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Brunswick (NYSE:BC) upgraded to Outperform from Market Perform, $14-16 target, at Wells Fargo. The stock closed Friday at $9.48 on volume of 2,390,406 shares, above average daily volume of 1,501,481.

Brunswick is currently below its 50-day moving average of $10.53 and should find support at its 200-day moving average of $6.03.

SmarTrend is bearish on shares of BC and our subscribers received a Downtrend alert on October 27, 2009 at $10.55, which has returned 10.1% to date.

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