Valmont (VMI) Upgrade Alert, Watch for 9.9% Technical Downtrend Reversal
Thursday, February 18, 2010 - 11:40
Written on Thu, 02/18/2010 - 11:40am
By Chip Brian

Valmont (NYSE:VMI) upgraded to Neutral from Underweight, $70 target, at Piper Jaffray. The stock closed yesterday at $68.69 on volume of 1,446,228 shares, above average daily volume of 293,514.
Valmont Industries is currently below its 50-day moving average of $75.80 and below its 200-day moving average of $75.99.
SmarTrend is bearish on shares of VMI and our subscribers received a Downtrend alert on January 07, 2010 at $76.27, which has returned 9.9% to date.

Contact Chip Brian
Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.