Rockwood Holdings (ROC) Downgrade Alert, Watch for 29.5% Technical Uptrend Reversal
Oct 01, 2009 (SmarTrend(R) Spotlight via COMTEX) --
Company: R.O.C. Taiwan Fund (ROC)
Rockwood Holdings (NYSE:ROC) downgraded to Neutral, $22 target, at Credit Suisse. The stock closed yesterday at $20.57 on volume of 461,200 shares, below average daily volume of 667,128.
Rockwood Holdings is currently above its 50-day moving average of $19.57 and above its 200-day moving average of $12.93.
SmarTrend is bullish on shares of ROC and our subscribers received an Uptrend alert on July 16, 2009 at $15.89, which has returned 29.5% to date.
Write to Chip Brian at cbrian@tradethetrend.com
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News Provided by COMTEX
Company: R.O.C. Taiwan Fund (ROC)
Related terms: market, nyse, securities
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