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Cbeyond (CBEY) Upgrade Alert, Watch for 12.8% Technical Downtrend Reversal

Nov 05, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Cbeyond Inc (CBEY)

Cbeyond (NASDAQ:CBEY) upgraded to Buy from Hold at Jefferies. The stock closed yesterday at $12.94 on volume of 358,000 shares, above average daily volume of 300,428.

Cbeyond is currently below its 50-day moving average of $15.25 and below its 200-day moving average of $15.95.

SmarTrend is bearish on shares of CBEY and our subscribers received a Downtrend alert on October 07, 2009 at $14.84, which has returned 12.8% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Cbeyond Inc (CBEY)


Related terms: market, nasdaq, securities

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