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TMCNet:  Upgrade Alert for Alliant Techsystems (ATK)

[November 09, 2012]

Upgrade Alert for Alliant Techsystems (ATK)

Nov 09, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Alliant Techsystems (NYSE:ATK) was upgraded from Neutral to Buy at Goldman Sachs today. The stock closed yesterday at $57.08 on volume of 365,000 shares, above average daily volume of 327,000. Alliant Techsystems Inc. develops and supplies advanced weapon and space systems. The Company's offerings include advanced missile systems, precision-guided munitions, electronic warfare and aircraft integration programs, satellite components and sub-systems, military ammunition and gun systems, and supplies ammunition to law enforcement agencies.

Alliant Techsystems (NYSE:ATK) is currently priced 0.4% above its average consensus analyst price target of $56.86. The stock should discover initial support at its 50-day moving average (MA) of $52.19 and subsequent support at its 200-day MA of $52.10.

In the past 52 weeks, shares of Alliant Techsystems have traded between a low of $43.08 and a high of $62.95 and closed yesterday at $57.08, which is 32% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Alliant Techsystems on August 7th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.07. Since that recommendation, shares of Alliant Techsystems have risen 18.7%. We continue to monitor ATK 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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