Uptrend Spotted in Shares of Conceptus (CPTS)
SmarTrend identified an Uptrend for Conceptus (NASDAQ: CPTS) on December 04, 2009 at $18.50. In approximately 3 months, Conceptus has returned 19% as of today's recent price of $22.01.
Conceptus is currently above its 50-day moving average of $19.41 and above its 200-day moving average of $17.78. 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 Conceptus shares.
Write to Chip Brian at cbrian@tradethetrend.com
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