TMCnet News
Upgrade Alert for Viasat (VSAT)Nov 28, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Viasat (NASDAQ:VSAT) was upgraded from Underperform to Neutral at Macquarie today. The stock closed yesterday at $36.20 on volume of 224,000 shares, below average daily volume of 238,000. There is potential upside of 20.6% for shares of Viasat based on a current price of $36.19 and an average consensus analyst price target of $43.64. The stock should find initial resistance at its 50-day moving average (MA) of $38.58 and further resistance at its 200-day MA of $41.90. Viasat share prices have moved between a 52-week high of $49.80 and a 52-week low of $33.09 and closed yesterday at 9% above that low price at $36.19 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.3%. ViaSat, Inc. provides advanced broadband digital satellite communications and other wireless networking and signal processing equipment and services. The Company's defense products include satellite communications products consisting of modems, terminals, and network control systems, advanced multifunction information distribution systems, and simulation test equipment. SmarTrend is tracking the current trend status for Viasat and will alert subscribers who have VSAT in their portfolio or watchlist when shares have changed trend direction. 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 |