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Upgrade Alert for Investment Technology Group (ITG)
[February 01, 2013]

Upgrade Alert for Investment Technology Group (ITG)

Feb 01, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Investment Technology Group (NYSE:ITG) was upgraded from Underperform to Market Perform at Raymond James today. The stock closed yesterday at $10.12 on volume of 527,000 shares, above average daily volume of 337,000. In the past 52 weeks, Investment Technology Group share prices have been bracketed by a low of $7.43 and a high of $12.36 and closed yesterday at $10.12, 36% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

Investment Technology Group (NYSE:ITG) is currently priced 2.2% above its average consensus analyst price target of $9.90. The stock should discover initial support at its 50-day moving average (MA) of $9.27 and subsequent support at its 200-day MA of $8.90.

Investment Technology Group, Inc. offers securities trading services. The Company offers pre-trade analysis, trade execution, and post-trade evaluation services.

SmarTrend recommended that subscribers consider buying shares of Investment Technology Group on November 27th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.95. Since that recommendation, shares of Investment Technology Group have risen 13.1%. We continue to monitor ITG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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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