SmarTrend Detects Continued Buying Pressure in Shares of Extreme Networks (EXTR)
SmarTrend identified an Uptrend for Extreme Networks (NASDAQ: EXTR) on December 07, 2009 at $2.43. In approximately 3 months, Extreme Networks has returned 30% as of today's recent price of $3.16.
Extreme Networks is currently above its 50-day moving average of $2.71 and above its 200-day moving average of $2.38. 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 Extreme Networks shares.
Write to Chip Brian at cbrian@tradethetrend.com
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