TMCnet News
Downgrade Alert for Gibraltar Industries (ROCK)Nov 30, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Gibraltar Industries (NASDAQ:ROCK) was downgraded from Buy to Hold at Keybanc today. The stock closed yesterday at $13.90 on volume of 114,000 shares, above average daily volume of 58,000. Gibraltar Industries Inc is a manufacturer, processor, and distributor of metals and other engineered materials for the building products, vehicular, and other industrial markets. The Company serves customers in a variety of industries in North and South America, Europe, and Asia. In the past 52 weeks, Gibraltar Industries share prices have been bracketed by a low of $7.35 and a high of $17.44 and closed yesterday at $13.87, 89% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.4%. Gibraltar Industries has overhead space with shares priced $13.87, or 0.9% below the average consensus analyst price target of $14.00. Gibraltar Industries shares have support at the 50-day moving average (MA) of $12.79 and additional support at the 200-day MA of $12.29. SmarTrend recommended that subscribers consider buying shares of Gibraltar Industries on July 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.96. Since that recommendation, shares of Gibraltar Industries have risen 26.6%. We continue to monitor ROCK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. 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 |