Monotype Imaging Holdings: The Trend Continues Higher (TYPE)
SmarTrend identified an Uptrend for Monotype Imaging Holdings (NASDAQ: TYPE) on December 22, 2009 at $9.09. In approximately 3 months, Monotype Imaging Holdings has returned 4.6% as of today's recent price of $9.51.
Monotype Imaging Holdings is currently above its 50-day moving average of $9.33 and above its 200-day moving average of $7.95. 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 Monotype Imaging Holdings shares.
Write to Chip Brian at cbrian@tradethetrend.com
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