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Upgrade Alert for MWI Veterinary Supply (MWIV)
Nov 09, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) --
MWI Veterinary Supply (NASDAQ:MWIV) was upgraded from Market Perform to Outperform at Barrington today. The stock closed yesterday at $107.15 on volume of 96,000 shares, above average daily volume of 47,000. In the past 52 weeks, shares of MWI Veterinary Supply have traded between a low of $61.01 and a high of $109.99 and closed yesterday at $107.15, which is 76% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.5%.
MWI Veterinary Supply, Inc. distributes animal health products to veterinarians across the United States. The Company distributes products sourced from various vendors to veterinary practices from several strategically located distribution centers. MWI sells products such as pharmaceuticals, vaccines, parasiticides, diagnostics, and veterinary pet food.
MWI Veterinary Supply (NASDAQ:MWIV) defies analysts with a current price ($107.15) 5.3% above its average consensus price target of $101.46. The stock should discover initial support at its 50-day moving average (MA) of $105.31 and subsequent support at its 200-day MA of $94.69.
SmarTrend recommended that subscribers consider buying shares of MWI Veterinary Supply on August 14th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.77. Since that recommendation, shares of MWI Veterinary Supply have risen 13.1%. We continue to monitor MWIV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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