Rio Tinto plc (RTP) Initiated Coverage Alert, Watch for 7.1% Technical Uptrend Reversal

Rio Tinto plc (NYSE:RTP) initiated as Neutral at HSBC. The stock closed Friday at $195.21 on volume of 834,644 shares, below average daily volume of 951,910.

Rio Tinto is currently above its 50-day moving average of $171.40 and above its 200-day moving average of $148.21.

SmarTrend is bullish on shares of RTP and our subscribers received an Uptrend alert on October 08, 2009 at $182.31, which has returned 7.1% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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