TMCnet News
Downgrade Alert for SolarWinds (SWI)Jul 26, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- SolarWinds (NYSE:SWI) was downgraded from Buy to Hold at Needham today. The stock closed yesterday at $46.09 on volume of 1.1 million shares, above average daily volume of 712,000. SolarWinds share prices have moved between a 52-week high of $61.52 and a 52-week low of $37.96 and closed yesterday at 20,620% above that low price at $7865.38 per share. The 200-day and 50-day moving averages have moved 0.43% lower and 0.1% lower over the past week, respectively. SolarWinds (NYSE:SWI) is currently priced 99.3% above its average consensus analyst price target of $52.40. The stock should find initial support at its 200-day moving average (MA) of $50.79 and further support at its 50-day MA of $42.02. Solarwinds, Inc. provides enterprise-class network management software. The Company's products includes individual software tools, products, and help for network management. SmarTrend recommended that subscribers consider buying shares of SolarWinds on July 10th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.91. Since that recommendation, shares of SolarWinds have risen 7.4%. We continue to monitor SWI 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 |