Daily Stock Setups

PPD, Inc. (PPDI) Downgrade Alert, Watch for 5.5% Technical Downtrend Continuation

Posted on: Thu, 29 Oct 2009 09:52:00 EDT

Symbols: PPDI

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Oct 29, 2009 (SmarTrend(R) Spotlight via COMTEX) --
PPDI | Quote | Chart | News | PowerRating -- PPD, Inc. (NASDAQ:PPDI) downgraded to Market Perform from Outperform at Wells Fargo. The stock closed yesterday at $22.01 on volume of 3,168,400 shares, above average daily volume of 1,409,741.

Pharmaceutical Product Development is currently below its 200-day moving average of $22.15 and should find support at its 50-day moving average of $21.60.

SmarTrend is bearish on shares of PPDI and our subscribers received a Downtrend alert on March 02, 2009 at $23.29, which has returned 5.5% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Pharmaceutical Prod Dev (PPDI) PPDI. Pharmaceutical Prod Dev (PPDI) has Short Term PowerRatings at TradingMarkets. Details on Pharmaceutical Prod Dev (PPDI) Short Term PowerRatings is available at This Link.

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