DreamWorks Animation: The Trend Continues Higher (DWA)
SmarTrend identified an Uptrend for DreamWorks Animation (NASDAQ: DWA) on December 02, 2009 at $36.73. In approximately 3 months, DreamWorks Animation has returned 16.5% as of today's recent price of $42.79.
DreamWorks Animation is currently above its 50-day moving average of $40.48 and above its 200-day moving average of $34.09. 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 DreamWorks Animation shares.
Write to Chip Brian at cbrian@tradethetrend.com
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