URS Corporation (NYSE:URS) downgraded two notches to Underperform, $53 target, at BofA/Merrill. The stock closed yesterday at $49.78 on volume of 784,083 shares, above average daily volume of 648,361.
URS is currently above its 50-day moving average of $46.34 and above its 200-day moving average of $45.46.
SmarTrend is bullish on shares of URS and our subscribers received an Uptrend alert on February 18, 2010 at $47.28, which has returned 5.3% to date.
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Ticker(s): URS