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Technical Analysis
- 11/20/2009 8:54:00 AM
By Chip Brian, SmarTrend Analytics Team
Cyberonics (NASDAQ:CYBX) upgraded to Overweight, $20 target, at Piper Jaffray. The stock closed yesterday at $16.45 on volume of 537,700 shares, above average daily volume of 231,660.
Cyberonics is currently above its 50-day moving average of $15.58 and above its 200-day moving average of $15.03.
SmarTrend is bullish on shares of CYBX and our subscribers received an Uptrend alert on November 18, 2009 at $15.92, which has returned 3.3% to date.
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