TMCnet News
Downgrade Alert for Shaw Communications (SJR)Jan 11, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Shaw Communications (NYSE:SJR) was downgraded from Buy to Hold at Stifel Nicolaus (pre-open) today. The stock closed yesterday at $23.40 on volume of 484,000 shares, above average daily volume of 170,000. Shaw Communications (NYSE:SJR) is currently priced 6.2% above its average consensus analyst price target of $21.94. The stock should discover initial support at its 50-day moving average (MA) of $22.12 and subsequent support at its 200-day MA of $20.48. In the past 52 weeks, shares of Shaw Communications have traded between a low of $18.25 and a high of $23.55 and closed yesterday at $23.40, which is 28% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%. Shaw Communications, Inc. provides broadband cable television, Internet, and satellite television services. SmarTrend recommended that subscribers consider buying shares of Shaw Communications on August 8th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.04. Since that recommendation, shares of Shaw Communications have risen 16.8%. We continue to monitor SJR 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 |