First Busey Corporation (BUSE) Upgrade Alert, Watch for 41.7% Technical Downtrend Reversal

First Busey Corporation (NASDAQ:BUSE) upgraded to Market Perform, $4 target, at KBW. The stock closed yesterday at $4.29 on volume of 314,300 shares, above average daily volume of 161,708.

First Busey is currently below its 50-day moving average of $5.51 and below its 200-day moving average of $7.40.

SmarTrend is bearish on shares of BUSE and our subscribers received a Downtrend alert on May 13, 2009 at $7.36, which has returned 41.7% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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