Cogent Upward Momentum Looks to Continue (COGT)
SmarTrend identified an Uptrend for Cogent (NASDAQ: COGT) on December 08, 2009 at $9.63. In approximately 3 months, Cogent has returned 7% as of today's recent price of $10.30.
Cogent is currently above its 50-day moving average of $10.24 and should find resistance at its 200-day moving average of $10.32. 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 Cogent shares.
Write to Chip Brian at cbrian@tradethetrend.com
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