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Itron (ITRI) Upgrade Alert, Watch for 7% Technical Downtrend Reversal

Oct 23, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Itron, Inc. (ITRI)

Itron (NASDAQ:ITRI) upgraded to Buy from Hold, $70 target, at Deutsche Bank. The stock closed yesterday at $55.91 on volume of 719,500 shares, above average daily volume of 575,763.

Itron Inc is currently below its 50-day moving average of $59.06 and should find support at its 200-day moving average of $54.21.

SmarTrend is bearish on shares of ITRI and our subscribers received a Downtrend alert on October 02, 2009 at $60.10, which has returned 7% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Itron, Inc. (ITRI)


Related terms: market, nasdaq, securities

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