Uptrend Spotted in Shares of Ceragon Networks (CRNT)
SmarTrend identified an Uptrend for Ceragon Networks (NASDAQ: CRNT) on December 02, 2009 at $10.30. In approximately 3 months, Ceragon Networks has returned 14.9% as of today's recent price of $11.83.
Ceragon Networks is currently above its 50-day moving average of $11.67 and above its 200-day moving average of $8.69. 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 Ceragon Networks shares.
Write to Chip Brian at cbrian@tradethetrend.com
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