Bank of Nova Scotia: The Trend Continues Up (BNS)
SmarTrend identified an Uptrend for Bank of Nova Scotia (NYSE: BNS) on February 12, 2010 at $44.64. In approximately 3 weeks, Bank of Nova Scotia has returned 6.7% as of Thursday's closing price of $47.63.
Bank of Nova Scotia is currently above its 50-day moving average of $44.81 and above its 200-day moving average of $42.15. 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 Bank of Nova Scotia shares.
Write to Chip Brian at cbrian@tradethetrend.com
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