SmarTrend Detects Continued Buying Pressure in Shares of First Mercury Financial (FMR)
SmarTrend identified an Uptrend for First Mercury Financial (NYSE: FMR) on February 19, 2010 at $13.31. In approximately 1 week, First Mercury Financial has returned 10.4% as of today's recent price of $14.70.
First Mercury Financial is currently above its 50-day moving average of $13.28 and above its 200-day moving average of $13.46. 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 First Mercury Financial shares.
Write to Chip Brian at cbrian@tradethetrend.com
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