Shuffle Master: The Trend Continues Higher (SHFL)
SmarTrend identified an Uptrend for Shuffle Master (NASDAQ: SHFL) on December 31, 2009 at $8.26. In approximately 1 month, Shuffle Master has returned 11.6% as of today's recent price of $9.22.
Shuffle Master is currently above its 50-day moving average of $8.41 and above its 200-day moving average of $7.39. 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 Shuffle Master shares.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
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
