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Downgrade Alert for Alliant Techsystems (ATK)
[February 06, 2013]

Downgrade Alert for Alliant Techsystems (ATK)

Feb 06, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Alliant Techsystems (NYSE:ATK) was downgraded from Hold to Underweight at Keybanc today. The stock closed yesterday at $63.55 on volume of 402,000 shares, above average daily volume of 261,000. Alliant Techsystems Inc. develops and supplies advanced weapon and space systems. The Company's offerings include advanced missile systems, precision-guided munitions, electronic warfare and aircraft integration programs, satellite components and sub-systems, military ammunition and gun systems, and supplies ammunition to law enforcement agencies.

Alliant Techsystems (NYSE:ATK) has potential upside of 0.0% based on a current price of $65.22 and analysts' consensus price target of $65.25. The stock should find initial support at its 50-day moving average (MA) of $63.39 and further support at its 200-day MA of $54.14.

In the past 52 weeks, shares of Alliant Techsystems have traded between a low of $43.08 and a high of $67.78 and closed yesterday at $65.22, which is 51% above that low price. The 200-day and 50-day moving averages have moved 0.37% higher and 0.48% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Alliant Techsystems on August 7th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.07. Since that recommendation, shares of Alliant Techsystems have risen 35.7%. We continue to monitor ATK 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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