Unified Communications Industry News

TMCNet:  Downgrade Alert for DreamWorks Animation (DWA)

[February 07, 2013]

Downgrade Alert for DreamWorks Animation (DWA)

Feb 07, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- DreamWorks Animation (NASDAQ:DWA) was downgraded from Overweight to Neutral at Piper Jaffray today. The stock closed yesterday at $17.16 on volume of 759,000 shares, below average daily volume of 917,000. In the past 52 weeks, DreamWorks Animation share prices have been bracketed by a low of $16.04 and a high of $28.90 and closed yesterday at $16.75, 4% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 0.61% lower over the past week, respectively.

There is potential upside of 8.2% for shares of DreamWorks Animation based on a current price of $16.75 and an average consensus analyst price target of $18.11. The stock should find initial resistance at its 50-day moving average (MA) of $16.84 and further resistance at its 200-day MA of $18.09.

DreamWorks Animation SKG, Inc. develops and produces computer generated animated feature films for a broad movie-going audience.

SmarTrend recommended that its subscribers protect gains by selling shares of DreamWorks Animation on November 16th, 2012 by issuing a Downtrend alert when the shares were trading at $19.04. Since that call, shares of DreamWorks Animation have fallen 12.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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