[February 28, 2011] Ivanhoe Mines Bullish Moving Average Crossover Alert (IVN) Tweet Feb 28, 2011 (SmarTrend(R) Market Surveillance via COMTEX) -- Today, shares of Ivanhoe Mines (NYSE:IVN) have crossed bullishly above their 10-day moving average of $27.48 on volume of 677 thousand shares. This may provide swing traders with an opportunity for a long position as such a crossover often suggests higher prices in the near term. Watch for a close above this moving average level for confirmation. SmarTrend issued an Uptrend Alert for Ivanhoe Mines on January 18, 2011 at $25.77. In approximately 1 month, Ivanhoe Mines has returned 7.6% as of today's recent price of $27.72. In the past 52 weeks, shares of Ivanhoe Mines have traded between a low of $12.15 and a high of $30.03 and are now at $27.72, which is 128% above that low price. In the last five trading sessions, the 50-day MA has climbed 0.66% while the 200-day MA has risen 1.08%. We will continue to monitor IVN's share price relative to this moving average. 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 [ Back To TMCnet.com's Homepage ]