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 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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