Downgrade Alert for CH Robinson Worldwide (CHRW)

Feb 07, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- CH Robinson Worldwide (NASDAQ:CHRW) was downgraded from Strong Buy to Market Perform at Raymond James today. The stock closed yesterday at $66.03 on volume of 1.4 million shares, above average daily volume of 1.4 million. C.H. Robinson Worldwide, Inc. provides multimodal transportation services and logistics solutions. The Company operates a network of offices in North America, Europe, Asia, South America, and the Middle East. C.H. Robinson provides a variety of logistics services, such as fresh produce sourcing and freight consolidation.

CH Robinson Worldwide (NASDAQ:CHRW) has potential upside of 14.4% based on a current price of $60.50 and analysts' consensus price target of $69.18. CH Robinson Worldwide shares should encounter resistance at the 50-day moving average (MA) of $63.64 and support at its 200-day MA of $59.87.

In the past 52 weeks, shares of CH Robinson Worldwide have traded between a low of $50.81 and a high of $67.98 and closed yesterday at $60.50, which is 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

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

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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