Bassett Furniture Industries: The Trend Continues Higher (BSET)
SmarTrend identified an Uptrend for Bassett Furniture Industries (NASDAQ: BSET) on January 25, 2010 at $4.27. In approximately 2 months, Bassett Furniture Industries has returned 45.4% as of today's recent price of $6.21.
Bassett Furniture Industries is currently above its 50-day moving average of $4.21 and above its 200-day moving average of $3.66. 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 Bassett Furniture Industries shares.
Write to Chip Brian at cbrian@tradethetrend.com
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