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Dominion Resources (D) Upgrade Alert, Watch for 13% Technical Uptrend Continuation

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

Company: Dominion Resources, Inc. (D)

Dominion Resources (NYSE:D) upgraded to Hold from Underperform at Jefferies. The stock closed yesterday at $35.10 on volume of 3,742,400 shares, above average daily volume of 2,872,688.

Dominion Resources is currently above its 50-day moving average of $34.05 and above its 200-day moving average of $32.66.

SmarTrend is bullish on shares of D and our subscribers received an Uptrend alert on March 19, 2009 at $31.07, which has returned 13% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Dominion Resources, Inc. (D)


Related terms: market, nyse, securities

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