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Upgrade Alert for Plantronics (PLT)
[November 29, 2012]

Upgrade Alert for Plantronics (PLT)

Nov 29, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Plantronics (NYSE:PLT) was upgraded from Neutral to Overweight at JP Morgan today. The stock closed yesterday at $32.79 on volume of 155,000 shares, below average daily volume of 164,000. In the past 52 weeks, shares of Plantronics have traded between a low of $28.76 and a high of $40.82 and closed yesterday at $32.79, which is 14% above that low price. The 200-day and 50-day moving averages have moved 0.15% lower and 0.45% lower over the past week, respectively.

Potential upside of 23.5% exists for Plantronics, based on a current level of $32.79 and analysts' average consensus price target of $40.50. Plantronics shares should first meet resistance at the 200-day moving average (MA) of $35.10 and find additional resistance at the 50-day MA of $35.11.

Plantronics, Inc. designs, manufactures, and markets lightweight communications headsets and headset accessories and services. The Company also manufactures and markets specialty telephone products, such as amplified telephone headsets and specialty telephones for hearing-impaired users, and noise-cancelling headsets for use in high-noise environments.

SmarTrend recommended that its subscribers protect gains by selling shares of Plantronics on October 15th, 2012 by issuing a Downtrend alert when the shares were trading at $34.07. Since that call, shares of Plantronics have fallen 3.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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