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Uptrend Call Working As Newport Stock Rises 56.3% (NEWP)
Feb 13, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Newport (NASDAQ:NEWP) on October 11th, 2011 at $11.78. In approximately 4 months, Newport has returned 56.28% as of today's recent price of $18.41.
In the past 52 weeks, Newport share prices have been bracketed by a low of $9.35 and a high of $19.84 and are now at $18.41, 97% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 4.6%.
Newport Corporation supplies advanced technology products and solutions for fields such as Research, Life & Health Science, Aerospace & Defense, Industrial Manufacturing, Semiconductors, and Microelectronics. The Company's products include lasers and light sources, optomechanical components and mounts, optical filters and gratings, spectroscopic, and photonic instruments.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Newport shares.Log in and add Newport (NEWP) 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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