C.R. Bard (BCR) Upgrade Alert, Watch for 1.9% Technical Downtrend Reversal

C.R. Bard (NYSE:BCR) upgraded to Buy from Hold, $88 target, at Deutsche Bank. The stock closed yesterday at $75.74 on volume of 718,100 shares, below average daily volume of 975,388.

CR Bard is currently below its 50-day moving average of $78.30 and below its 200-day moving average of $76.90.

SmarTrend is bearish on shares of BCR and our subscribers received a Downtrend alert on October 02, 2009 at $77.21, which has returned 1.9% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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