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BHP Billiton (BHP) Initiated Coverage Alert, Watch for 30.8% Technical Uptrend Reversal

Oct 26, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: BHP Billiton LTD (BHP)

BHP Billiton (NYSE:BHP) initiated as Neutral at HSBC. The stock closed Friday at $72.97 on volume of 4,306,966 shares, below average daily volume of 4,438,283.

BHP Billiton is currently above its 50-day moving average of $65.95 and above its 200-day moving average of $53.34.

SmarTrend is bullish on shares of BHP and our subscribers received an Uptrend alert on July 15, 2009 at $55.78, which has returned 30.8% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: BHP Billiton LTD (BHP)


Related terms: market, nyse, securities

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