Uptrend Spotted in Shares of Teck Resources (TCK)
SmarTrend identified an Uptrend for Teck Resources (NYSE: TCK) on February 12, 2010 at $35.35. In approximately 1 month, Teck Resources has returned 17.2% as of today's recent price of $41.42.
Teck Resources is currently above its 50-day moving average of $37.55 and above its 200-day moving average of $29.55. 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 Teck Resources shares.
Write to Chip Brian at cbrian@tradethetrend.com
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