TMCnet News
Uptrend Spotted in Shares of MicroStrategy (MSTR)Mar 03, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for MicroStrategy (NASDAQ:MSTR) on September 02, 2010 at $80.56. In approximately 6 months, MicroStrategy has returned 43.8% as of today's recent price of $115.81. In the past 52 weeks, shares of MicroStrategy have traded between a low of $66.00 and a high of $119.86 and are now at $115.81, which is 75% above that low price. MicroStrategy is currently above its 50-day moving average of $100.56 and above its 200-day moving average of $86.81. Look for these moving averages to climb to confirm the company's upward momentum. In the last five trading sessions, the 50-day MA has climbed 1.74% while the 200-day MA has risen 0.7%. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of MicroStrategy 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 |