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Downgrade Alert for DreamWorks Animation (DWA)
[February 07, 2013]

Downgrade Alert for DreamWorks Animation (DWA)

Feb 07, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- DreamWorks Animation (NASDAQ:DWA) was downgraded from Overweight to Neutral at Piper Jaffray today. The stock closed yesterday at $17.16 on volume of 759,000 shares, below average daily volume of 917,000. In the past 52 weeks, DreamWorks Animation share prices have been bracketed by a low of $16.04 and a high of $28.90 and closed yesterday at $16.75, 4% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 0.61% lower over the past week, respectively.

There is potential upside of 8.2% for shares of DreamWorks Animation based on a current price of $16.75 and an average consensus analyst price target of $18.11. The stock should find initial resistance at its 50-day moving average (MA) of $16.84 and further resistance at its 200-day MA of $18.09.

DreamWorks Animation SKG, Inc. develops and produces computer generated animated feature films for a broad movie-going audience.

SmarTrend recommended that its subscribers protect gains by selling shares of DreamWorks Animation on November 16th, 2012 by issuing a Downtrend alert when the shares were trading at $19.04. Since that call, shares of DreamWorks Animation have fallen 12.0%. 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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