Weatherford (WFT) Downgrade Alert, Watch for 1% Technical Uptrend Reversal
Friday, March 19, 2010 - 09:12
Written on Fri, 03/19/2010 - 9:12am
By Chip Brian

Weatherford (NYSE:WFT) downgraded to Hold from Buy at Jefferies. The stock closed yesterday at $16.98 on volume of 14,213,653 shares, below average daily volume of 16,988,098.
Weatherford International should find initial resistance at its 50-day moving average of $17.06 and further resistance at its 200-day moving average of $18.61.
SmarTrend is bullish on shares of WFT and our subscribers received an Uptrend alert on February 22, 2010 at $16.81, which has returned 1% to date.

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

Ticker(s): WFT

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