Uptrend Spotted in Shares of ADC Telecommunications (ADCT)
SmarTrend identified an Uptrend for ADC Telecommunications (NASDAQ: ADCT) on February 16, 2010 at $6.62. In approximately 3 weeks, ADC Telecommunications has returned 10.6% as of Thursday's closing price of $7.32.
ADC Telecommunications is currently above its 50-day moving average of $6.34 and above its 200-day moving average of $7.19. 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 ADC Telecommunications shares.
Write to Chip Brian at cbrian@tradethetrend.com
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