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Technical Analysis
- 11/19/2009 8:55:16 AM
By Chip Brian, SmarTrend Analytics Team
CLARCOR (NYSE:CLC) upgraded to Buy, $40 target, at BB&T. The stock closed yesterday at $31.38 on volume of 113,434 shares, below average daily volume of 219,274.
CLARCOR should find initial support at its 50-day moving average of $31.16 and further support at its 200-day moving average of $29.94.
SmarTrend is bearish on shares of CLC and our subscribers received a Downtrend alert on September 02, 2009 at $31.47, which has returned 0.3% to date.
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