SmarTrend Detects Continued Buying Pressure in Shares of Pentair (PNR)
SmarTrend identified an Uptrend for Pentair (NYSE: PNR) on February 22, 2010 at $32.38. In approximately 1 week, Pentair has returned 6.3% as of today's recent price of $34.41.
Pentair is currently above its 50-day moving average of $32.19 and above its 200-day moving average of $29.50. 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 Pentair shares.
Write to Chip Brian at cbrian@tradethetrend.com
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