Grubb & Ellis Upward Momentum Looks to Continue (GBE)
SmarTrend identified an Uptrend for Grubb & Ellis (NYSE: GBE) on January 11, 2010 at $1.70. In approximately 2 months, Grubb & Ellis has returned 20.6% as of today's recent price of $2.05.
Grubb & Ellis is currently above its 50-day moving average of $1.58 and above its 200-day moving average of $1.22. 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 Grubb & Ellis shares.
Write to Chip Brian at cbrian@tradethetrend.com
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