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Warnaco (WRC) Downgrade Alert, Watch for 22% Technical Uptrend Reversal

Nov 04, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Westport Resources Corp. (WRC)

Warnaco (NYSE:WRC) downgraded to Hold from Buy at Lazard. The stock closed yesterday at $42.85 on volume of 1,174,100 shares, above average daily volume of 695,193.

Warnaco is currently above its 50-day moving average of $42.11 and above its 200-day moving average of $31.85.

SmarTrend is bullish on shares of WRC and our subscribers received an Uptrend alert on July 20, 2009 at $35.13, which has returned 22% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Westport Resources Corp. (WRC)


Related terms: market, nyse, securities

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