Uptrend Spotted in Shares of Ashland (ASH)
SmarTrend identified an Uptrend for Ashland (NYSE: ASH) on December 15, 2009 at $39.60. In approximately 3 months, Ashland has returned 34.4% as of today's recent price of $53.21.
Ashland is currently above its 50-day moving average of $44.51 and above its 200-day moving average of $37.55. 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 Ashland shares.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup
