[May 23, 2013] Downgrade Alert for Flextronics International (FLEX) Tweet May 23, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Flextronics International (NASDAQ:FLEX) was downgraded from Buy to Hold at Deutsche Bank today. The stock closed yesterday at $7.35 on volume of 4.3 million shares, below average daily volume of 4.4 million. In the past 52 weeks, Flextronics International share prices have been bracketed by a low of $5.47 and a high of $7.59 and closed yesterday at $7.35, 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%. There is potential upside of 3.7% for shares of Flextronics International based on a current price of $7.35 and an average consensus analyst price target of $7.62. Flextronics International shares have support at the 50-day moving average (MA) of $6.92 and additional support at the 200-day MA of $6.45. Flextronics International Ltd. provides electronics manufacturing services. The Company's customers include original equipment manufacturers in the telecommunications, networking, computer, consumer electronics, and medical device industries. SmarTrend recommended that subscribers consider buying shares of Flextronics International on December 24th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.26. Since that recommendation, shares of Flextronics International have risen 17.5%. We continue to monitor FLEX 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 [ Back To TMCnet.com's Homepage ]