SmarTrend Detects Continued Buying Pressure in Shares of AllianceBernstein (AB)
SmarTrend identified an Uptrend for AllianceBernstein (NYSE: AB) on February 16, 2010 at $27.14. In approximately 4 weeks, AllianceBernstein has returned 9.9% as of today's recent price of $29.84.
AllianceBernstein is currently above its 50-day moving average of $27.60 and above its 200-day moving average of $24.82. 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 AllianceBernstein shares.
Write to Chip Brian at cbrian@tradethetrend.com
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