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Technical Analysis
- 11/18/2009 8:56:33 AM
By Chip Brian, SmarTrend Analytics Team
Jacobs Engineering (NYSE:JEC) downgraded to Hold, $38 target, at Wunderlich. The stock closed yesterday at $38.88 on volume of 12,619,100 shares, above average daily volume of 1,633,586.
Jacobs Engineering Group is currently below its 50-day moving average of $45.37 and below its 200-day moving average of $42.03.
SmarTrend is bearish on shares of JEC and our subscribers received a Downtrend alert on October 02, 2009 at $43.90, which has returned 11.4% to date.
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