Upgrade Alert for Tata Motors (TTM)

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[January 09, 2013]

Upgrade Alert for Tata Motors (TTM)

Jan 09, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Tata Motors (NYSE:TTM) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $28.68 on volume of 1.1 million shares, below average daily volume of 1.2 million. Tata Motors share prices have moved between a 52-week high of $30.63 and a 52-week low of $18.76 and closed yesterday at 53% above that low price at $28.68 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.

Tata Motors (NYSE:TTM) has potential upside of 11.2% based on a current price of $28.68 and analysts' consensus price target of $31.90. The stock should discover initial support at its 50-day moving average (MA) of $25.99 and subsequent support at its 200-day MA of $24.42.

Tata Motors Limited manufactures cars and commercial automotive vehicles in India. The Company designs, manufactures and sells heavy commercial, medium commercial and small commercial vehicles including trucks, tankers, vans, buses, ambulances and minibuses. Tata also manufactures small cars and sports utility vehicles.

SmarTrend recommended that subscribers consider buying shares of Tata Motors on December 7th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.20. Since that recommendation, shares of Tata Motors have risen 9.5%. We continue to monitor TTM 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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