Daily Stock Setups

Viacom (VIA.B) Upgrade Alert, Watch for 20.3% Technical Uptrend Continuation

Posted on: Wed, 04 Nov 2009 09:05:00 EST

Symbols: VIA.B

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Nov 04, 2009 (SmarTrend(R) Spotlight via COMTEX) --
VIA.B | Quote | Chart | News | PowerRating -- Viacom (NYSE:VIA.B) upgraded to Outperform from Perform at Oppenheimer. The stock closed yesterday at $28.68 on volume of 5,013,100 shares, above average daily volume of 3,899,976.

Viacom is currently above its 50-day moving average of $27.28 and above its 200-day moving average of $21.58.

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 20.3% 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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