Vale (VALE) Downgrade Alert, Watch for 9.7% Technical Uptrend Reversal
Wednesday, March 10, 2010 - 10:17
Written on Wed, 03/10/2010 - 10:17am
By Chip Brian

Vale (NASDAQ:VALE) downgraded to Neutral from Buy at UBS. The stock closed yesterday at $30.67 on volume of 30,990,228 shares, above average daily volume of 24,134,281.
Vale is currently above its 50-day moving average of $28.49 and above its 200-day moving average of $23.98.
SmarTrend is bullish on shares of VALE and our subscribers received an Uptrend alert on February 16, 2010 at $27.96, which has returned 9.7% to date.

Keywords: Stock Alerts price trends technical analysis charting uptrend downtrend stock charts

Ticker(s): VALE

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