Viacom B (VIA.B) Upgrade Alert, Watch for 19.6% Technical Uptrend Continuation

Posted on: Wed, 07 Oct 2009 08:57:00 EDT

Symbols: VIA.B

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Oct 07, 2009 (SmarTrend(R) Spotlight via COMTEX) --
VIA.B | Quote | Chart | News | PowerRating -- Viacom B (NYSE:VIA.B) upgraded to Neutral from Underperform, $31 target, at BofA/Merrill. The stock closed yesterday at $28.52 on volume of 4,624,400 shares, above average daily volume of 3,740,425.

Viacom is currently above its 50-day moving average of $25.55 and above its 200-day moving average of $20.59.

SmarTrend is bullish on shares of VIA.B and our subscribers received an Uptrend alert on July 23, 2009 at $23.84, which has returned 19.6% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Viacom Inc Class B (VIA.B) VIA.B. Viacom Inc Class B (VIA.B) has Short Term PowerRatings at TradingMarkets. Details on Viacom Inc Class B (VIA.B) Short Term PowerRatings is available at This Link.

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