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King Pharmaceuticals (KG) Downgrade Alert, Watch for 42.6% Technical Uptrend Reversal

Aug 17, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: King Pharmaceuticals, Inc. (KG)

King Pharmaceuticals (NYSE:KG) downgraded to Hold from Buy. The stock closed Friday at $10.34 on volume of 8,231,900 shares, above average daily volume of 5,670,870. King Pharmaceuticals is currently above its 50-day moving average of $9.52 and above its 200-day moving average of $8.87.

SmarTrend is bullish on shares of KG and our subscribers received an Uptrend alert on March 16, 2009 at $7.25, which has returned 42.6% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: King Pharmaceuticals, Inc. (KG)


Related terms: market, nyse, pharmaceuticals, securities

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