SmarTrend Detects Continued Buying Pressure in Shares of Conseco (CNO)
SmarTrend identified an Uptrend for Conseco (NYSE: CNO) on March 05, 2010 at $5.84. In approximately 2 weeks, Conseco has returned 8% as of today's recent price of $6.31.
Conseco is currently above its 50-day moving average of $5.19 and above its 200-day moving average of $4.36. 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 Conseco shares.
Write to Chip Brian at cbrian@tradethetrend.com
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