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Technical Analysis
Vimpel Communications (VIP) Downgrade Alert, Watch for 8.7% Technical Uptrend Reversal - 11/18/2009 8:55:51 AM

Vimpel Communications (NYSE:VIP) downgraded to Neutral at Goldman. The stock closed yesterday at $22.24 on volume of 3,440,200 shares, below average daily volume of 4,387,143.

Vimpel-Communications is currently above its 50-day moving average of $18.89 and above its 200-day moving average of $12.41.

SmarTrend is bullish on shares of VIP and our subscribers received an Uptrend alert on November 09, 2009 at $20.46, which has returned 8.7% to date.


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