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Technical Analysis
- 11/19/2009 8:54:18 AM
By Chip Brian, SmarTrend Analytics Team
National Interstate (NASDAQ:NATL) upgraded to Neutral, $19 target, at BofA/Merrill. The stock closed yesterday at $16.91 on volume of 5,102 shares, below average daily volume of 17,849.
National Interstate is currently below its 50-day moving average of $18.35 and below its 200-day moving average of $17.02.
SmarTrend is bearish on shares of NATL and our subscribers received a Downtrend alert on November 10, 2009 at $17.20, which has returned 1.7% to date.
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