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Thomson Reuters upgraded, sets new 52-week high on NYSE

Monday 14 September 2009

Thomson Reuters was upgraded to Buy from Sell at Deutsche Bank and set a new 52-week high during Monday's New York trading session when it reached $35.88.

Over this period, the share price is up 18.40 per cent.

The stock closed on Friday at $33.82 on volume of 409,400 shares, above average daily volume of 352,100.

Thomson Reuters - New York Stock Exchange symbol TRI - is currently above its 50-day moving average of $31.42 and above its 200-day moving average of $28.03.

Online broker SmarTrend said it is bullish on the shares. Its subscribers received an Uptrend alert on 10 September at $33.38, which has returned 1.3 per cent to date. It alerted investors to watch for continuation of the technical uptrend. ■

SOURCE
Trading Markets