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Spreadtrum Communications (SPRD) Bullish Technical Alert - Trend Up 236.5%
[October 19, 2009]

Spreadtrum Communications (SPRD) Bullish Technical Alert - Trend Up 236.5%


Oct 19, 2009 (SmarTrend(R) Spotlight via COMTEX) -- Spreadtrum Communications (NASDAQ:SPRD) is trading 2.9% higher (up $0.16 to $5.67) today on volume of 133,677 shares. The stock is trading near its 52-week high of $5.90. We are watching for a close above that level.

Spreadtrum Communications is currently above its 50-day moving average of $3.85 and above its 200-day moving average of $2.22.

SmarTrend is bullish on shares of SPRD and our subscribers received an Uptrend alert on May 04, 2009 at $1.69, which has returned 236.5% to date.


Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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.TradeTheTrend.com.

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