Insurance Technology Industry News

TMCNet:  Upgrade Alert for MicroStrategy (MSTR)

[February 15, 2013]

Upgrade Alert for MicroStrategy (MSTR)

Feb 15, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- MicroStrategy (NASDAQ:MSTR) was upgraded from Equal Weight to Overweight at First Analysis today. The stock closed yesterday at $104.08 on volume of 202,000 shares, above average daily volume of 98,000. Potential upside of 5.0% exists for MicroStrategy, based on a current level of $104.08 and analysts' average consensus price target of $109.29. MicroStrategy shares should encounter resistance at the 200-day moving average (MA) of $114.53 and support at the 50-day MA of $95.09.

In the past 52 weeks, MicroStrategy share prices have been bracketed by a low of $83.76 and a high of $178.58 and are now at $104.08, 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has slid 0.7%.

MicroStrategy Incorporated provides business intelligence software and related services. The Company's technology platform enables departments and enterprises to deploy Web-based reporting and analysis solutions. MicroStrategy also offers consulting, training, and support services. Solutions are provided to retail, finance, telecommunications, insurance, dot-com, and healthcare industries.

SmarTrend recommended that subscribers consider buying shares of MicroStrategy on December 18th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.57. Since that recommendation, shares of MicroStrategy have risen 4.7%. We continue to monitor MSTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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