Pearson plc (PSO) Downgrade Alert, Watch for 7.7% Technical Uptrend Reversal

Pearson plc (NYSE:PSO) downgraded to Sell from Neutral, added to Conviction Sell List, at Goldman Sachs. The stock closed yesterday at $12.08 on volume of 186,000 shares, below average daily volume of 280,094.

Pearson is currently above its 50-day moving average of $11.07 and above its 200-day moving average of $10.09.

SmarTrend is bullish on shares of PSO and our subscribers received an Uptrend alert on July 27, 2009 at $11.22, which has returned 7.7% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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