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Upgrade Alert for Vimpel-Communications (VIP)Jan 22, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Vimpel-Communications (NYSE:VIP) was upgraded from Neutral to Overweight at HSBC today. The stock closed yesterday at $11.90 on volume of 2.1 million shares, above average daily volume of 1.2 million. Vimpel-Communications provides wireless telecommunications services. The Company's license portfolio covers the majority of Russia's population, including the City of Moscow, the Moscow Region, and Saint Petersburg. Potential upside of 6.0% exists for Vimpel-Communications, based on a current level of $11.90 and analysts' average consensus price target of $12.62. Vimpel-Communications shares have support at the 50-day moving average (MA) of $10.85 and additional support at the 200-day MA of $10.01. Vimpel-Communications share prices have moved between a 52-week high of $12.54 and a 52-week low of $7.05 and closed yesterday at 69% above that low price at $11.90 per share. The 200-day and 50-day moving averages have moved 0.07% higher and 0.20% higher over the past week, respectively. SmarTrend is monitoring the recent change of momentum in Vimpel-Communications. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Vimpel-Communications in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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/signup |