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Shares of TKR Up 28.5% Since Uptrend Call on Shares
Feb 14, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Timken (NYSE:TKR) on January 9th, 2012 at $41.49. In approximately 1 month, Timken has returned 28.54% as of today's recent price of $53.33.
Over the past year, Timken has traded in a range of $30.17 to $57.83 and is now at $53.33, 77% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.7%.
The Timken Company manufactures and distributes anti-friction roller bearings and specialty alloy steels. The Company's products are used in general industry and in a wide variety of products, including passenger cars, machine tools, farm and construction equipment, and rolling mills, and other products.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Timken shares.Log in and add Timken (TKR) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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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
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