SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of Astea International (ATEA)
SmarTrend identified an Uptrend for Astea International (NASDAQ: ATEA) on October 25, 2010 at $2.90. In approximately 5 months, Astea International has returned 150.1% as of today's recent price of $7.24.
In the past 52 weeks, shares of Astea International have traded between a low of $1.61 and a high of $4.29 and are now at $7.24, which is 350% above that low price.
Astea International is currently above its 50-day moving average of $3.16 and above its 200-day moving average of $2.81. 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 2.5% while the 200-day MA has risen 0.32%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Astea International shares.
Write to Chip Brian at cbrian@tradethetrend.com
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