[May 24, 2012] Upgrade Alert for Eaton Vance (EV) Tweet May 24, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Eaton Vance (NYSE:EV) was upgraded from Sell to Neutral at Citigroup today. The stock closed yesterday at $23.98 on volume of 2.1 million shares, above average daily volume of 1.2 million. Eaton Vance Corp. creates, markets, and manages mutual funds. The Company also provides management and counseling services to individual and institutional clients. Eaton Vance currently provides investment advisory or administration services to individual and institutional accounts, as well as funds. Eaton Vance share prices have moved between a 52-week high of $31.71 and a 52-week low of $20.07 and closed yesterday at 19% above that low price at $23.98 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has remained constant. Eaton Vance has overhead space with shares priced $23.98, or 13.3% below the average consensus analyst price target of $27.67. The stock should run into initial resistance at its 200-day moving average (MA) of $25.16 and subsequent resistance at its 50-day MA of $26.75. SmarTrend recommended that its subscribers protect gains by selling shares of Eaton Vance on April 11th, 2012 by issuing a Downtrend alert when the shares were trading at $26.79. Since that call, shares of Eaton Vance have fallen 10.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. 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 ]