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News Breaks | | | | January 16, 2013 | | 10:25 EDT |  | IRWD | Ironwood slips below its 10-day moving average after earnings, levels to watch
The company last night reported results for its Q4 of a loss of 41 cents versus expectations of a loss of 47 cents. That has not impressed sell-siders today, with the stock downgraded to Sell at UBS with a price target of $11.50. The firm noted reduced Linzess expectations and what it considers richly valued share price as factors in the recommendation change. At the current price of $13.60, next support is at $13.08. Resistance is at $13.73, the 10-day. | |
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