TMCnet News
Upgrade Alert for Deutsche Bank (DB)Feb 01, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Deutsche Bank (NYSE:DB) was upgraded from Underweight to Neutral at JP Morgan today. The stock closed yesterday at $51.66 on volume of 3.0 million shares, above average daily volume of 1.2 million. Deutsche Bank AG is a global financial service provider delivering commercial, investment, private and retail banking. The Bank offers debt, foreign exchange, derivatives, commodities, money markets, repo and securitization, cash equities, research, equity prime services, loans, convertibles, advice on M&A and IPO's, trade finance, retail banking, asset management and corporate investments. Deutsche Bank (NYSE:DB) is currently priced 7.0% above its average consensus analyst price target of $48.04. Deutsche Bank shares have support at the 50-day moving average (MA) of $45.84 and additional support at the 200-day MA of $39.95. In the past 52 weeks, shares of Deutsche Bank have traded between a low of $27.03 and a high of $52.54 and closed yesterday at $51.66, which is 91% above that low price. The 200-day and 50-day moving averages have moved 0.28% higher and 1.46% higher over the past week, respectively. SmarTrend recommended that subscribers consider buying shares of Deutsche Bank on October 17th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.85. Since that recommendation, shares of Deutsche Bank have risen 12.7%. We continue to monitor DB 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 |