SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of Saks (SKS)
SmarTrend identified an Uptrend for Saks (NYSE: SKS) on November 17, 2009 at $6.80. In approximately 4 months, Saks has returned 26.2% as of today's recent price of $8.58.
Saks is currently above its 50-day moving average of $7.09 and above its 200-day moving average of $6.08. 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 Saks shares.
Write to Chip Brian at cbrian@tradethetrend.com
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