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Downgrade Alert for Siemens (SI)
[October 12, 2012]

Downgrade Alert for Siemens (SI)


Oct 12, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Siemens (NYSE:SI) was downgraded from Buy to Hold at Societe Generale today. The stock closed yesterday at $98.68 on volume of 849,000 shares, above average daily volume of 608,000. Siemens (NYSE:SI) defies analysts with a current price ($98.68) 2.8% above its average consensus price target of $95.94. The stock should discover initial support at its 50-day moving average (MA) of $96.31 and subsequent support at its 200-day MA of $93.04.



Over the past year, Siemens has traded in a range of $77.88 to $112.08 and closed yesterday at $98.68, 27% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

Siemens AG manufactures a wide range of industrial and consumer products. The Company builds locomotives, traffic control systems, automotive electronics, and engineers electrical power plants. Siemens also provides public and private communications networks, computers, building control systems, medical equipment, and electrical components. The Company operates worldwide.


SmarTrend recommended that subscribers consider buying shares of Siemens on August 3rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.93. Since that recommendation, shares of Siemens have risen 11.0%. We continue to monitor SI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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