TMCnet News
Upgrade Alert for Plantronics (PLT)Nov 29, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Plantronics (NYSE:PLT) was upgraded from Neutral to Overweight at JP Morgan today. The stock closed yesterday at $32.79 on volume of 155,000 shares, below average daily volume of 164,000. In the past 52 weeks, shares of Plantronics have traded between a low of $28.76 and a high of $40.82 and closed yesterday at $32.79, which is 14% above that low price. The 200-day and 50-day moving averages have moved 0.15% lower and 0.45% lower over the past week, respectively. Potential upside of 23.5% exists for Plantronics, based on a current level of $32.79 and analysts' average consensus price target of $40.50. Plantronics shares should first meet resistance at the 200-day moving average (MA) of $35.10 and find additional resistance at the 50-day MA of $35.11. Plantronics, Inc. designs, manufactures, and markets lightweight communications headsets and headset accessories and services. The Company also manufactures and markets specialty telephone products, such as amplified telephone headsets and specialty telephones for hearing-impaired users, and noise-cancelling headsets for use in high-noise environments. SmarTrend recommended that its subscribers protect gains by selling shares of Plantronics on October 15th, 2012 by issuing a Downtrend alert when the shares were trading at $34.07. Since that call, shares of Plantronics have fallen 3.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. 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 |