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Orthofix (OFIX) Upgrade Alert, Watch for 10.3% Technical Uptrend Continuation - 11/3/2009 8:42:32 AM

By Chip Brian, SmarTrend Analytics Team
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Orthofix (NASDAQ:OFIX) upgraded to Market Perform from Underperform, $29-34 target, at Wells Fargo. The stock closed yesterday at $31.43 on volume of 298,850 shares, above average daily volume of 0.

Orthofix International is currently above its 50-day moving average of $29.42 and above its 200-day moving average of $23.05.

SmarTrend is bullish on shares of OFIX and our subscribers received an Uptrend alert on July 31, 2009 at $28.50, which has returned 10.3% to date.

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