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Downgrade Alert for Diebold (DBD)
[October 17, 2012]

Downgrade Alert for Diebold (DBD)

Oct 17, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Diebold (NYSE:DBD) was downgraded from Neutral to Underweight at JP Morgan today. The stock closed yesterday at $31.28 on volume of 2.4 million shares, above average daily volume of 428,000. Diebold, Incorporated provides integrated self-service delivery systems and services on a worldwide basis. The Company serves the financial, security, election systems, retail, card systems, and pharmacy industries. Diebold provides products such as automated teller machines, alarm monitoring systems, monitoring software, card-based systems, and election systems.

Diebold has overhead space with shares priced $31.28, or 21.6% below the average consensus analyst price target of $39.90. Diebold shares should first meet resistance at the 50-day moving average (MA) of $33.52 and find additional resistance at the 200-day MA of $35.64.

In the past 52 weeks, Diebold share prices have been bracketed by a low of $28.06 and a high of $42.93 and closed yesterday at $31.28, 11% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.


SmarTrend recommended that its subscribers protect gains by selling shares of Diebold on May 17th, 2012 by issuing a Downtrend alert when the shares were trading at $36.24. Since that call, shares of Diebold have fallen 13.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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