Daily Stock Setups

AmerisourceBergen (ABC) Initiated Coverage Alert, Watch for 51.2% Technical Uptrend Continuation

Posted on: Thu, 19 Nov 2009 10:26:00 EST

Symbols: ABC

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Nov 19, 2009 (SmarTrend(R) Spotlight via COMTEX) --
ABC | Quote | Chart | News | PowerRating -- AmerisourceBergen (NYSE:ABC) initiated as Buy at UBS. The stock closed yesterday at $24.47 on volume of 2,873,400 shares, below average daily volume of 2,966,869.

AmerisourceBergen is currently above its 50-day moving average of $22.67 and above its 200-day moving average of $19.23.

SmarTrend is bullish on shares of ABC and our subscribers received an Uptrend alert on March 25, 2009 at $16.18, which has returned 51.2% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on AmerisourceBergen Corp (ABC) ABC. AmerisourceBergen Corp (ABC) has Short Term PowerRatings at TradingMarkets. Details on AmerisourceBergen Corp (ABC) Short Term PowerRatings is available at This Link.

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