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Altra Holdings (AIMC) Upgrade Alert, Watch for 5.1% Technical Downtrend Reversal - 11/3/2009 8:45:06 AM

By Chip Brian, SmarTrend Analytics Team
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Altra Holdings (NASDAQ:AIMC) upgraded to Outperform from Neutral at RW Baird. The stock closed yesterday at $8.82 on volume of 196,203 shares, above average daily volume of 0.

Altra Holdings is currently below its 50-day moving average of $10.31 and should find support at its 200-day moving average of $7.56.

SmarTrend is bearish on shares of AIMC and our subscribers received a Downtrend alert on October 28, 2009 at $9.29, which has returned 5.1% to date.

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