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SmarTrend Detects Continued Buying Pressure in Shares of MoneyGram International (MGI)
[January 22, 2010]

SmarTrend Detects Continued Buying Pressure in Shares of MoneyGram International (MGI)


Jan 22, 2010 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for MoneyGram International (NYSE:MGI) on December 22, 2009 at $2.80. In approximately 1 month, MoneyGram International has returned 10.4% as of today's recent price of $3.09.

MoneyGram International is currently above its 50-day moving average of $2.70 and above its 200-day moving average of $2.34. Look for these moving averages to climb to confirm the company's upward momentum.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of MoneyGram International shares.


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.mysmartrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup

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