TMCNet:  Downgrade Alert for Chiquita Brands International (CQB)

[January 31, 2013]

Downgrade Alert for Chiquita Brands International (CQB)

Jan 31, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Chiquita Brands International (NYSE:CQB) was downgraded from Buy to Hold at BB&T Capital today. The stock closed yesterday at $8.01 on volume of 503,000 shares, above average daily volume of 490,000. Over the past year, Chiquita Brands International has traded in a range of $4.62 to $10.57 and closed yesterday at $8.01, 73% above that low. The 200-day and 50-day moving averages have moved 0.09% lower and 1.00% higher over the past week, respectively.


Chiquita Brands International, Inc. markets, produces, and distributes fresh bananas and other fresh produce. The Company also distributes and markets fresh-cut fruit and other branded fruit products.

Potential upside of 22.8% exists for Chiquita Brands International, based on a current level of $8.01 and analysts' average consensus price target of $9.83. The stock should discover initial support at its 50-day moving average (MA) of $7.66 and subsequent support at its 200-day MA of $6.67.

SmarTrend recommended that subscribers consider buying shares of Chiquita Brands International on August 16th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.06. Since that recommendation, shares of Chiquita Brands International have risen 32.3%. We continue to monitor CQB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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