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Downgrade Alert for Chiquita Brands International (CQB)
[January 31, 2013]

Downgrade Alert for Chiquita Brands International (CQB)

Jan 31, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Chiquita Brands International (NYSE:CQB) was downgraded from Buy to Hold at BB&T Capital today. The stock closed yesterday at $8.01 on volume of 503,000 shares, above average daily volume of 490,000. Over the past year, Chiquita Brands International has traded in a range of $4.62 to $10.57 and closed yesterday at $8.01, 73% above that low. The 200-day and 50-day moving averages have moved 0.09% lower and 1.00% higher over the past week, respectively.

Chiquita Brands International, Inc. markets, produces, and distributes fresh bananas and other fresh produce. The Company also distributes and markets fresh-cut fruit and other branded fruit products.

Potential upside of 22.8% exists for Chiquita Brands International, based on a current level of $8.01 and analysts' average consensus price target of $9.83. The stock should discover initial support at its 50-day moving average (MA) of $7.66 and subsequent support at its 200-day MA of $6.67.

SmarTrend recommended that subscribers consider buying shares of Chiquita Brands International on August 16th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.06. Since that recommendation, shares of Chiquita Brands International have risen 32.3%. We continue to monitor CQB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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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