SmarTrend's Trend Spotter Sees Continued Upward Momentum on Shares of ITC Holdings (ITC)

SmarTrend identified an Uptrend for ITC Holdings (NYSE: ITC) on May 07, 2010 at $50.83. In approximately 4 months, ITC Holdings has returned 16.6% as of today's recent price of $59.25.

ITC Holdings is currently above its 50-day moving average of $55.75 and above its 200-day moving average of $53.10. 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 ITC Holdings shares.

Write to Chip Brian at cbrian@tradethetrend.com

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