Unified Communications Industry News

TMCNet:  Upgrade Alert for Investment Technology Group (ITG)

[February 01, 2013]

Upgrade Alert for Investment Technology Group (ITG)

Feb 01, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Investment Technology Group (NYSE:ITG) was upgraded from Underperform to Market Perform at Raymond James today. The stock closed yesterday at $10.12 on volume of 527,000 shares, above average daily volume of 337,000. In the past 52 weeks, Investment Technology Group share prices have been bracketed by a low of $7.43 and a high of $12.36 and closed yesterday at $10.12, 36% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

Investment Technology Group (NYSE:ITG) is currently priced 2.2% above its average consensus analyst price target of $9.90. The stock should discover initial support at its 50-day moving average (MA) of $9.27 and subsequent support at its 200-day MA of $8.90.

Investment Technology Group, Inc. offers securities trading services. The Company offers pre-trade analysis, trade execution, and post-trade evaluation services.

SmarTrend recommended that subscribers consider buying shares of Investment Technology Group on November 27th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.95. Since that recommendation, shares of Investment Technology Group have risen 13.1%. We continue to monitor ITG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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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