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TMCNet:  Downgrade Alert for NetSuite (N)

[January 18, 2013]

Downgrade Alert for NetSuite (N)

Jan 18, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- NetSuite (NYSE:N) was downgraded from Conviction Buy to Neutral at Goldman Sachs today. The stock closed yesterday at $67.72 on volume of 101,000 shares, below average daily volume of 350,000. NetSuite Inc. provides relationship management software solutions . The Company offers a comprehensive suite of enterprise resource planning, or ERP, customer relationship management, or CRM, and e-commerce solutions.

NetSuite (NYSE:N) defies analysts with a current price ($67.72) 11.2% above its average consensus price target of $60.17. The stock should discover initial support at its 50-day moving average (MA) of $63.51 and subsequent support at its 200-day MA of $55.76.

NetSuite share prices have moved between a 52-week high of $70.80 and a 52-week low of $38.68 and closed yesterday at 75% above that low price at $67.72 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.6%.

SmarTrend recommended that subscribers consider buying shares of NetSuite on October 26th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.29. Since that recommendation, shares of NetSuite have risen 5.3%. We continue to monitor N 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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