Market Overview

Imax: 52-Week High Recently Eclipsed (IMAX)

(via COMTEX News Network)--

Shares of Imax (NASDAQ: IMAX) traded at a new 52-week high today of $27.00. Approximately 141,000 shares have traded hands today vs. average 30-day volume of 1.3 million shares.

Imax is currently trading at $26.94, approximately 37.7% above its 50-day moving average of $19.56. SmarTrend will be monitoring shares of IMAX to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 5.69% while the 200-day MA has risen 1.98%.

In the past 52 weeks, shares of Imax have traded between a low of $10.16 and a high of $26.41 and are now at $26.45, which is 160% above that low price.

SmarTrend currently has shares of Imax in an Uptrend and issued the Uptrend alert on September 20, 2010 at $15.59. The stock has risen 69.1% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@tradethetrend.com

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