AM Castle Upward Momentum Looks to Continue (CAS)
SmarTrend identified an Uptrend for AM Castle (NYSE: CAS) on February 16, 2010 at $11.09. In approximately 2 weeks, AM Castle has returned 18.8% as of today's recent price of $13.18.
AM Castle is currently above its 50-day moving average of $11.89 and above its 200-day moving average of $11.73. 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 AM Castle shares.
Write to Chip Brian at cbrian@tradethetrend.com
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