SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of Delcath Systems (DCTH)
SmarTrend identified an Uptrend for Delcath Systems (NASDAQ: DCTH) on November 23, 2009 at $5.00. In approximately 4 months, Delcath Systems has returned 19.6% as of today's recent price of $5.98.
Delcath Systems is currently above its 50-day moving average of $5.15 and above its 200-day moving average of $4.40. 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 Delcath Systems shares.
Write to Chip Brian at cbrian@tradethetrend.com
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