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Upgrade Alert for Greenbrier Cos (GBX)Apr 15, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Greenbrier Cos (NYSE:GBX) was upgraded from Neutral to Buy at Longbow today. The stock closed yesterday at $22.81 on volume of 365,000 shares, below average daily volume of 493,000. The Greenbrier Companies, Inc. supplies transportation equipment and services to the railroad and related industries. The Company's manufacturing segment produces railcars and marine vessels. Greenbrier also provides repair and refurbishment for intermodal and conventional railcars. In addition, the Company provides complementary leasing and services activities. Greenbrier Cos (NYSE:GBX) is currently priced 17.3% above its average consensus analyst price target of $18.86. The stock should find initial support at its 50-day moving average (MA) of $21.23 and further support at its 200-day MA of $17.77. Over the past year, Greenbrier Cos has traded in a range of $13.10 to $23.64 and closed yesterday at $22.81, 74% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has risen 1.0%. SmarTrend recommended that subscribers consider buying shares of Greenbrier Cos on January 9th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.78. Since that recommendation, shares of Greenbrier Cos have risen 28.3%. We continue to monitor GBX 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 |