Cosan Upward Momentum Looks to Continue (CZZ)
SmarTrend identified an Uptrend for Cosan (NYSE: CZZ) on November 09, 2009 at $7.70. In approximately 4 months, Cosan has returned 19.9% as of today's recent price of $9.23.
Cosan is currently above its 50-day moving average of $8.63 and above its 200-day moving average of $7.43. 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 Cosan shares.
Write to Chip Brian at cbrian@tradethetrend.com
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