Cameron (CAM)

[GREEN MAKER]

Downgrade Alert for Cameron International (CAM)
Comtex SmarTrend(R) via CMTX - 35 mins ago

Cameron International (NYSE:CAM) was downgraded from Buy to Neutral at Global Hunter today. The stock closed yesterday at $63.21 on volume of 22.8 million shares, above average daily volume of 4.8 million. Cameron International (NYSE:CAM) is currently priced 5.0% above its average consensus analyst price target of $60.04. The stock should find initial support at its 50-day moving average (MA) of $50.62 and further support at its 200-day MA of $49.63.

Cameron International share prices have moved between a 52-week high of $74.89 and a 52-week low of $39.52 and closed yesterday at 60% above that low price at $63.21 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.2%.

Cameron International Corporation manufactures oil and gas pressure control equipment, including valves, wellheads, chokes, and assembled systems. The Company's equipment is used for oil and gas drilling, production, and transmission in onshore, offshore, and subsea applications. Cameron also produces gas turbines, centrifugal gas and air compressors, and other products.

SmarTrend is monitoring the recent change of momentum in Cameron International. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cameron International in search of a potential trend change.

Write to Chip Brian at [e-mail]