TMCnet News
Cameron International (CAM): New Coverage by JefferiesNov 29, 2011 (SmarTrend(R) Spotlight via COMTEX) -- Cameron International (NYSE:CAM) initiated at Buy at Jefferies. The stock closed yesterday at $48.78 on volume of 2,067,900 shares, below the average daily volume of 3,003,614. In the past 52-weeks, shares of Cameron International have traded between a low of $38.77 and a high of $63.16 and are now at $48.78, which is 25.8% above that low price. Cameron International is currently below its 200-day moving average (MA) of $50.91 and should find support at its 50-day MA of $48.28. In the last five trading sessions, the 50-day MA has fallen 0.41% while the 200-day MA has slid 0.18%. Cameron International Corporation manufactures oil and gas pressure control equipment, including valves, wellheads, chokes, and assembled systems. The Company's equipment is used for oil and gas drilling, production, and transmission in onshore, offshore, and subsea applications. Cameron also produces gas turbines, centrifugal gas and air compressors, and other products. 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 [ Back To TMCnet.com's Homepage ] |