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Technical Analysis
- 11/18/2009 8:54:58 AM
By Chip Brian, SmarTrend Analytics Team
DynCorp (NYSE:DCP) upgraded to Outperform from Market Perform, $18-20 target, at Wells Fargo. The stock closed yesterday at $1.98 on volume of 10,644,800 shares, below average daily volume of 14,226,324.
Dynegy is currently below its 50-day moving average of $2.23 and should find support at its 200-day moving average of $1.94.
SmarTrend is bearish on shares of DCP and our subscribers received a Downtrend alert on October 30, 2009 at $1.99, which has returned 0.3% to date.
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