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Downgrade Alert for Diebold (DBD)
[October 17, 2012]

Downgrade Alert for Diebold (DBD)

Oct 17, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Diebold (NYSE:DBD) was downgraded from Neutral to Underweight at JP Morgan today. The stock closed yesterday at $31.28 on volume of 2.4 million shares, above average daily volume of 428,000. Diebold, Incorporated provides integrated self-service delivery systems and services on a worldwide basis. The Company serves the financial, security, election systems, retail, card systems, and pharmacy industries. Diebold provides products such as automated teller machines, alarm monitoring systems, monitoring software, card-based systems, and election systems.

Diebold has overhead space with shares priced $31.28, or 21.6% below the average consensus analyst price target of $39.90. Diebold shares should first meet resistance at the 50-day moving average (MA) of $33.52 and find additional resistance at the 200-day MA of $35.64.

In the past 52 weeks, Diebold share prices have been bracketed by a low of $28.06 and a high of $42.93 and closed yesterday at $31.28, 11% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Diebold on May 17th, 2012 by issuing a Downtrend alert when the shares were trading at $36.24. Since that call, shares of Diebold have fallen 13.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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