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TMCNet:  Downgrade Alert for Itron Inc (ITRI)

[January 17, 2013]

Downgrade Alert for Itron Inc (ITRI)

Jan 17, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Itron Inc (NASDAQ:ITRI) was downgraded from Buy to Hold at Jefferies today. The stock closed yesterday at $44.98 on volume of 127,000 shares, below average daily volume of 231,000. Itron, Inc. provides solutions for collecting, communicating, and analyzing electric, gas, and water usage data. The Company sells its products to the utility industry. Itron designs, manufactures, markets, sells, installs, and services hardware, software, and integrated systems for handheld computer-based electronic meter reading and automatic meter reading systems.

Itron Inc share prices have moved between a 52-week high of $55.59 and a 52-week low of $26.90 and closed yesterday at 67% above that low price at $44.98 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

There is potential upside of 7.8% for shares of Itron Inc based on a current price of $44.98 and an average consensus analyst price target of $48.50. The stock should discover initial support at its 50-day moving average (MA) of $43.15 and subsequent support at its 200-day MA of $41.78.

SmarTrend recommended that subscribers consider buying shares of Itron Inc on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.51. Since that recommendation, shares of Itron Inc have risen 3.4%. We continue to monitor ITRI 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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