ABIOMED Upward Momentum Looks to Continue (ABMD)
SmarTrend identified an Uptrend for ABIOMED (NASDAQ: ABMD) on February 09, 2010 at $9.13. In approximately 3 weeks, ABIOMED has returned 16.3% as of Thursday's closing price of $10.62.
ABIOMED is currently above its 50-day moving average of $8.86 and above its 200-day moving average of $8.53. 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 ABIOMED shares.
Write to Chip Brian at cbrian@tradethetrend.com
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