Taleo: The Trend Continues Up (TLEO)
SmarTrend identified an Uptrend for Taleo (NASDAQ: TLEO) on February 19, 2010 at $22.18. In approximately 2 weeks, Taleo has returned 13.8% as of today's recent price of $25.23.
Taleo is currently above its 50-day moving average of $22.62 and above its 200-day moving average of $20.41. 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 Taleo shares.
Write to Chip Brian at cbrian@tradethetrend.com
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