TMCnet News
Downgrade Alert for Celadon Group (CGI)Apr 02, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Celadon Group (NYSE:CGI) was downgraded from Buy to Hold at BB&T Capital today. The stock closed yesterday at $20.06 on volume of 294,000 shares, above average daily volume of 181,000. Celadon Group, Inc., a trucking company, provides and arranges van flatbed truckload transport services from the United States and Canada to and from locations in Mexico. The Company also provides van truckload services within the United States and flatbed trucking services within the United States and to the Mexican border. Potential upside of 17.6% exists for Celadon Group, based on a current level of $20.06 and analysts' average consensus price target of $23.60. The stock should find resistance at its 50-day moving average (MA) of $20.54, as well as support at its 200-day MA of $17.51. In the past 52 weeks, shares of Celadon Group have traded between a low of $13.51 and a high of $21.99 and closed yesterday at $20.06, which is 48% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant. SmarTrend recommended that subscribers consider buying shares of Celadon Group on October 9th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.94. Since that recommendation, shares of Celadon Group have risen 18.4%. We continue to monitor CGI 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 |