SmarTrend Detects Continued Buying Pressure in Shares of Cathay General Bancorp (CATY)
SmarTrend identified an Uptrend for Cathay General Bancorp (NASDAQ: CATY) on March 08, 2010 at $10.11. In approximately 1 week, Cathay General Bancorp has returned 9.4% as of today's recent price of $11.06.
Cathay General Bancorp is currently above its 50-day moving average of $9.50 and above its 200-day moving average of $9.16. 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 Cathay General Bancorp shares.
Write to Chip Brian at cbrian@tradethetrend.com
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